Asian emerging market indices post their largest single-day gains in 17 years

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Asian emerging market indices posted their largest single-day gains in over 17 years on Friday, led by South Korea and Taiwan. The MSCI Asia Emerging Markets Index rose approximately 7%, while the Asia Emerging Markets Tech Index climbed more than 13%, according to the latest daily market report. Both indices recorded their biggest gains since late 2008, though they remain down 5% and 14% for the month, respectively. Improved market sentiment, driven by strong earnings from Microsoft and Amazon, helped alleviate concerns about AI spending, as reflected in the Fear & Greed Index.

Odaily Planet Daily report: On Friday, Asian emerging market indices posted their largest single-day gain in over 17 years, driven by strong gains in South Korea and Taiwan, alongside easing concerns about artificial intelligence-related spending. The MSCI Emerging Markets Asia Index rose approximately 7%, while the Asian Emerging Markets Technology Index surged over 13%, both recording their biggest one-day gains since late October 2008. However, year-to-date this month, these two indices have still declined by 5% and 14%, respectively. Strong earnings reports and outlooks from Microsoft and Amazon last night helped alleviate market concerns regarding massive AI-related expenditures.

“We believe Microsoft’s outlook on continued growth in capital expenditures and expected positive free cash flow in fiscal year 2027 may help alleviate market concerns regarding AI infrastructure stocks,” wrote Nomura Securities analysts. (Jinshi)

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