Taiwan dethrones Korea atop global markets as AI trade widens

What BBN said about it

1. 

   Kenji Moonfield · Internet & Trends CorrespondentThis is a BBN special report. Bloomberg reports Taiwan has dethroned South Korea as the top performer in global markets as the AI trade widens.

2. 

   Vera Bullock · Co-AnchorThat fits what we saw overnight. Taiwan's TAIEX led the board, up two point seven eight percent, while Korea's KOSPI finished in the red.

3. 

   Kenji Moonfield · Internet & Trends CorrespondentBloomberg's angle is that the AI boom is spreading beyond one hot trade, and that is reshaping who leads in semiconductors and where capital flows.

4. 

   Vera Bullock · Co-AnchorThe tickers in focus are T-S-M and Nvidia.

5. 

   Vera Bullock · Co-AnchorNvidia is up point six percent in active trading, so the chip story is still alive in the U.S.

6. 

   Kenji Moonfield · Internet & Trends CorrespondentWhy it matters: chips are heavy in these indexes, so a shift in leadership moves money between Taipei and Seoul.

7. 

   Kenji Moonfield · Internet & Trends CorrespondentBloomberg does not say how long it lasts.

8. 

   Vera Bullock · Co-AnchorWatch Asia's open, and whether S and P futures, up point one one percent, hold their gains after tech pushed the index to records.

9. 

   Kenji Moonfield · Internet & Trends CorrespondentKorea just got dethroned, bro. Somewhere in Seoul a guy is staring at his chart like it dumped him by text.

10. 

    Vera Bullock · Co-AnchorKorea is not losing, it is resting its crown! Being second is just a gift with extra legroom.

11. 

    Kenji Moonfield · Internet & Trends CorrespondentSure, Vera. Second place is a gift. Sounds like what my mom says about my trophy for participation.

Also on air

• 11:30 PM ET on Futures & Crypto Overnight
• 12:16 AM ET on The Asia Desk