Asian Tech Stocks Rise as South Korean Exports Surge
Asian markets continue to prioritize artificial intelligence growth over Middle East tensions as South Korean semiconductor exports rose 169 percent in May. While oil prices remain below 100 dollars despite supply risks in the Strait of Hormuz, Samsung Electronics and other tech firms lead regional gains.
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South Korea exports rose 53% to $88 billion in May as semiconductor demand drove a 28% monthly gain for the main stock index. Tech gains in Taiwan and Japan offset rising geopolitical tensions in the Middle East. Investors are prioritizing AI-driven growth over energy supply risks despite a 2.5% climb in oil prices.
