Experts take
While it’s too early to predict, V.K. Vijayakumar, chief investment strategist at Geojit Investments, highlights that the outflows from South Korea and Taiwan reflect concerns over rich valuations after the sharp AI-led rally. “There are concerns about their high valuations. Many experts believe that the AI bubble can burst since valuations are difficult to sustain. Partly, it is profit booking too,” he said, adding that the spike in global bond yields is another negative factor for equities.
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