The investment frenzy over AI played a key role in driving Asian stocks’ outperformance versus their global peers last year. While some see Asia a better venue for AI exposure given cheaper valuations, others point to the more pronounced risk of concentration of a few major tech firms in markets such as Taiwan and South Korea. Traditional dancers perform beneath inflatable figures during a ceremony celebrating the new year’s opening of the South Korea stock market at the Korea Exchange in Seoul on Friday last week. Photo: AFP“We’re calling more of an AI fatigue as opposed to a bubble,” Eastspring Investments (Hong Kong) Ltd equity portfolio specialist Ken Wong (黃嘉權) said. If there is a pullback in overall AI capital expenditure or earnings trajectory starts to deteriorate, there would be some risks, he said.

Source: Taipei Times January 04, 2026 16:05 UTC