The artificial intelligence-driven rally that has transformed global equity markets is also reshaping emerging markets, with technology heavyweights in South Korea and Taiwan taking center stage. According to Reuters, companies linked to AI hardware and memory chips have helped emerging market (EM) equities step out of the shadow of Wall Street's dominant technology stocks, although the sharp gains have also brought heightened volatility.
For years, many investors concentrated on U.S. technology giants, particularly the so-called "Magnificent Seven," leaving emerging markets with limited attention. Reuters reported that this trend has shifted in 2026 as AI-related demand boosted South Korean memory-chip makers and Taiwan's semiconductor leaders, driving strong performances in EM stock indexes.
