• The iShares Core MSCI Emerging Markets ETF is trading 3% up today, primarily driven by strong performance in key Asian semiconductor companies.
  • Taiwan Semiconductor, Samsung Electronics, and SK hynix saw significant gains, fueled by robust demand related to artificial intelligence.
  • This rally in parts of the emerging markets occurred amidst a broader risk-on sentiment in Asian markets, despite a hawkish Federal Reserve rate hold that saw US stocks decline.