Asian AI Stocks Surge as War Tensions Ease

Global investors are returning to Asian AI stocks as Middle East tensions ease, with Taiwan and South Korea attracting a combined $7.9 billion in net foreign buying this week, snapping over a month of outflows. Samsung's eightfold quarterly profit jump reinforced AI-driven demand optimism. However, the recovery remains uneven and fragile. India continues to face heavy selling, with $17.8 billion in outflows over a record 23 straight sessions. Concerns persist over potentially peaking capital expenditure and rising energy costs, with Jefferies turning more underweight on Korea.