Asia’s Stock Market Boom Isn’t Over. Why the Blockbuster Gains Can Continue.

Strategists are bullish on continued gains in Asian stock markets, led by AI-driven rallies in South Korea and Taiwan. The MSCI AC Asia index has surged 25% year-to-date in 2026 while the S&P Asia 50 is up 50%, far outpacing the S&P 500's 19% gain. Goldman Sachs has set a 12,000 target for South Korea's KOSPI, implying 32% upside, with Korean corporate earnings expected to grow 277% in 2026 driven by memory chipmakers Samsung Electronics and SK Hynix alongside Taiwan Semiconductor Manufacturing. Taiwan has been upgraded to Outperform with a 51,000 TAIEX target implying nearly 10% upside, while Japan also benefits from global manufacturing diversification away from China.