Emerging-market stocks hit record high as AI chipmakers lead tech rally

Emerging-market stocks have surged to a record high, propelled by a powerful rally in technology shares and optimism surrounding artificial intelligence advancements. This milestone comes amid broader gains in Asian markets, where AI-related companies in Korea and Taiwan led the charge, helping benchmarks recover from recent geopolitical tensions.

According to Bloomberg reports, the upswing erased losses triggered by the Iran war, with investors buoyed by stronger-than-expected earnings from megacap tech firms. In Hong Kong, property shares also rallied sharply, fueled by Morgan Stanley's upgraded forecast for home prices, which injected fresh optimism into the sector and contributed to gains across the broader market.