The AI boom is propelling emerging markets, with the Korean stock market reaching new highs. How long can this wave last?

CryptoWorld News reports that driven by the AI (artificial intelligence) boom, emerging-market stock markets have risen for the fourth consecutive trading day, with the Korean stock market hitting a historic high. The MSCI Emerging Markets Equity benchmark index rose by 0.5%, mainly led by electronics manufacturers listed in Seoul, thereby expanding the index’s cumulative gain over the past four trading days to 5%. Meanwhile, the corresponding index measuring emerging-market currency returns rose by less than 0.1%. Although the next stage of US-Iran negotiations remains full of uncertainties, after multiple markets observed a long-weekend holiday, Asian stock markets have still continued their previous uptrend. Karen Ward, a strategist at JPMorgan Asset Management, analyzes that global investors have shifted their focus beyond current geopolitical concerns and toward investment opportunities that could result from increased public-sector, military, and corporate spending worldwide.