Asia’s AI Rollercoaster Ride

South Korea and Taiwan had been counting on AI-related export demand to sweep them to prosperity. But another sweep, of Democrats in the US Congress, has sparked doubt and deep stock market declines. What’s next for the Asian AI trade? William shares his thoughts. … Toby opines on what newly depressed valuations in the Korean and Taiwan stock markets mean for investors, noting that analysts’ earnings sights remain aloft. … Also: Japan’s stock market stumbled by association with its Asian neighbors, but perhaps unduly: Its investment case doesn’t rest on AI. … And: China claims to have passed an important milestone in AI development.