As South Korea descends into political chaos, its equity market risks falling further behind major tech rival Taiwan, which is basking in the glory of the global artificial intelligence boom.
A near 30% surge in Taiwan’s stock benchmark this year, set to be the best since 2009, has already helped spur a historic divergence between Asia’s two tech-dominated markets. The island’s market capitalization now exceeds South Korea’s by about $950 billion as the world’s AI frontrunners from Nvidia Corp. and Microsoft Corp. to OpenAI all increasingly turn to Taiwanese firms for supply.
Visited 1 times, 1 visit(s) today
