AI热潮与弱美元成“双重引擎”新兴市场股指狂飙创新高！

Core Viewpoint - Emerging markets are experiencing a significant rally, reaching historical highs driven by optimism in Asian tech stocks related to artificial intelligence and a weakening US dollar [1][3]. Group 1: Market Performance - The MSCI Emerging Markets Index rose by 1% to 1565.05 points, surpassing the previous record set in late January [1]. - The MSCI Asia-Pacific Index also reached a historical peak, with various benchmark indices from countries like South Korea, Mexico, and Brazil hovering near record levels [1]. - Emerging markets have seen a cumulative increase of over 30% in 2023, primarily led by Asian markets such as Taiwan and South Korea [1]. Group 2: Capital Flows and Investor Sentiment - Global funds are shifting from crowded US tech stocks, particularly large-cap tech, to other regions and sectors, benefiting Asian tech stocks and the semiconductor supply chain due to anticipated AI capital expenditures [3]. - Despite a strong market sentiment, actual investor positioning remains light, with foreign capital outflows of $6.6 billion from the South Korean market this year [5]. - Countries like Mexico, Brazil, and Vietnam are expected to benefit from global supply chain adjustments, potentially solidifying the upward momentum of emerging market stocks [5]. Group 3: Currency Trends - Emerging market currencies are also strengthening, with the MSCI currency index rising by 0.2% as the US dollar index declines [3]. - A report from LGT Private Banking expresses a positive outlook on the short-term performance of emerging Asian currencies, particularly the Korean won, New Taiwan dollar, and Chinese yuan [4].