Emerging market stocks hit record high as Asian chipmakers surge

emerging market stocks hit a record high on thursday, driven by a surge in asian chipmakers. the msci emerging markets index erased losses from earlier this week, when iran's strike on israel sent markets down. tsmc, samsung and sk hynix all rallied, pushing the index past its previous peak. the rebound was sharp — the war-related selloff had knocked the index by roughly 3% on tuesday. investors piled back into semiconductor names, betting the sector's momentum outweighs geopolitical risk for now.