Emerging market stocks hit record high as Asian chipmakers surge

Asian Tech Stocks Bounce Back: Chipmakers Rally Amid Global Concerns A surprise rebound in the Emerging Markets (EM) stock index is being driven by a surge in chipmakers TSMC, Samsung, and SK Hynix, following losses triggered by the recent tensions between Iran and the United States. The rally is a welcome respite for investors, who had seen the EM stock index plummet in recent days due to fears of escalating global conflict and its potential impact on the tech industry. As the world's largest chipmakers, TSMC, Samsung, and SK Hynix are crucial to the global supply chain, and their strong performance is a vote of confidence in the sector's resilience. Analysts will be watching closely to see if this rebound is sustained, and whether other tech stocks will follow suit.

Rally for TSMC, Samsung and SK Hynix powers EM stock index’s rebound from Iran war losses