AI Angst in US Stocks Sends Global Money Chasing Asia’s Winners

Wall Street’s fears of business disruption caused by artificial intelligence are turning into a blessing for Asian stocks, fueling demand for the region’s leading chipmakers that dominate the industry’s supply chain.

The MSCI Asia Pacific Index has risen more than 12% in 2026, in contrast to losses in US benchmarks as shares were sold off on fears that AI models may threaten the business of software, legal and real estate service providers. The S&P 500 is down 0.2% for the year, while the technology-heavy Nasdaq 100 gauge has lost around 2%.