Asian indices have mirrored the market’s upward trend this year, concluding the first half on an upbeat note. The MSCI Asia Ex-Japan index has rallied nearly 10%, driven by technology stocks which account for a third of the index.
Taiwan’s TSMC and Korea’s Samsung Electronics, chipmakers which together represent half the sector’s exposure, have contributed positively. TSMC’s share price has almost doubled while Samsung Electronics recovered from an early year loss to return gains to investors.
Demand for artificial intelligence AI applications continues to drive the rally, notes Hani Abuagla, senior analyst at XTB MENA, an online broker, speaking to FinanceAsia. Taiwanese...
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