BlackRock strategist bullish on South Korean stock market due to optimistic AI outlook
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```htmlGolden Ten Data reported on April 16 that BlackRock stated South Korean stocks are a key reason for its latest upgrade of emerging market equities, citing substantial earnings growth and reliance on global semiconductor demand. This week, BlackRock significantly increased its holdings in US and emerging market stocks, noting both have the potential for profit growth. Despite adverse factors such as the Iran war, corporate earnings forecasts for 2026 continue to rise, partly driven by the theme of artificial intelligence. The company’s global chief investment strategist said: “South Korea is a major driving force behind our upgrade of emerging market ratings.” She pointed out: “Specifically, South Korea, as part of the technology supply chain ecosystem, is showing impressive momentum.” She also mentioned that there is strong purchasing demand for hardware products related to artificial intelligence, and they are very optimistic about this.```
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