Taiwan and South Korea's stock exchanges have outperformed India's in the past week, driven by gains in their chipmaker sectors. This reflects a global search for companies benefiting from the AI boom. South Korea's exports grew 53% year-on-year, with semiconductor shipments up nearly 170%.
The performance divergence highlights the global focus on AI-driven growth sectors, with semiconductor-heavy economies like Taiwan and South Korea benefiting disproportionately, while other sectors like Indian IT face uncertainty.
Stock exchanges in Taiwan and South Korea have recently surpassed India's in performance over the past week. This shift is largely driven by significant gains in the chipmaker sectors of both Taiwan and South Korea. The trend indicates a broader global investment focus on companies poised to benefit from the ongoing artificial intelligence (AI) boom, with investors prioritizing these Asian markets for AI-related opportunities. South Korea's exports grew 53% year-on-year last month, the fastest pace since 1984, with semiconductor shipments increasing nearly 170% to a record monthly high. Shares of Indian software services companies are experiencing their sharpest swings since the pandemic, as the growing prowess of artificial intelligence fuels investor anxiety about the industry. Samsung and SK Hynix are key to soaring South Korean stock market, but a rate hike could trigger a 15% market correction.
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