New Delhi, May 27 -- Although geopolitical tensions in West Asia and elevated crude oil prices continue to weigh on domestic equities, global markets have scaled fresh record highs amid a renewed rally in AI-linked stocks and resilient corporate earnings.

The rebound in the AI trade has fuelled a rally in technology stocks globally, while better-than-expected first-quarter earnings have brightened the outlook and boosted investor confidence that massive AI spending is yielding results. Stocks across the AI ecosystem have emerged as hot picks, with reports also indicating growing interest from overseas investors in the sector.

A handful of technology stocks have led key Asian markets to record performances. South Korea's benchmark KOSPI ...