TSMC, Alibaba, and Samsung support the rally in emerging market stocks

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AIMPACT News, May 14 (UTC+8), Emerging market stocks rose for the third consecutive trading day this week, with technology companies continuing their strong rally, supported by market optimism over increased demand for AI-related hardware and services. The benchmark MSCI Emerging Markets Index rose 0.7%, with a total increase of over 7% this month. Among them, TSMC, Alibaba, and Samsung Electronics contributed a combined 105% to the index’s gains, meaning that without these three stocks, the overall index would actually be in decline. Since early April, chip manufacturers have led the market rebound, with corporate earnings upgrades largely offsetting inflation concerns triggered by the Iran war. Although the information technology sector rose 1.4% on Thursday, sectors such as utilities, energy, and industrials declined, highlighting a clear divergence between Asian tech stocks and other emerging market industries. (Jinshi) (Source: ODAILY)

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