Asian tech stocks shine amidst geopolitical gloom as emerging markets welcome four consecutive gains

Despite the escalating geopolitical risks in Europe and the Middle East, the strong performance of Asian tech stocks has driven emerging market equities to achieve a four-day winning streak, with the MSCI Emerging Markets Index rising by 0.8%, reaching a four-year high. Taiwan Semiconductor's sales growth of 34% has boosted its stock price. Market optimism regarding a weaker dollar and expectations of interest rate cuts by the Federal Reserve is also on the rise. Poland's stock market sentiment is affected by the drone incident and increased bank tax rates, while the risk of escalating conflicts in the Middle East has increased, but the new shekel has rebounded against the dollar