After lagging behind US equities in the immediate aftermath of the Iran war, Asia has staged a strong rebound. The MSCI Asia Pacific Index has surged 14% this month, outpacing the S&P 500’s 9.9% gain. The resilience of Asia’s tech hubs suggests the AI-capex cycle is increasingly decoupled from the broader business cycle, with investors attracted to sectors offering clear earnings visibility.
(April 28): Investors are reverting to a pre-war playbook of betting Asian stocks will outpace US peers, as confidence builds in the region’s central role in the artificial-intelligence boom.
Fidelity International, Nomura International Wealth Management, and strategists from JPMorgan Chase & Co are among those reiterating bullish calls on Asia, citing AI-driven optimism, more attractive valuations, and stronger earnings potential.
