After a period of technology stock valuation adjustments and volatility across global risk assets, major Asia-Pacific markets have gradually stabilized. Valuation pressure has eased, and investors are looking across the AI value chain for companies with clearer earnings prospects and more attractive valuations.
The Asia-Pacific region is home to essential parts of the global semiconductor supply chain. SK Hynix and Samsung Electronics hold leading positions in high-bandwidth memory (HBM); Japan plays a vital role in semiconductor materials and equipment; and Hong Kong-listed technology leaders offer potential for valuation recovery in the platform economy. Compared with exposure to a technology index in a single market, investing across markets may help spread policy and valuation risks.