Chennai, March 13 -- The decline in the equity markets in India and China owing to the US-Israel-Iran war is lower are compared to technology-led stock markets in South Korea and Taiwan, states Moody's Analytics in a report.
The Middle East conflict has sent shockwaves through Asian equity markets, exposing uneven vulnerabilities across the region, with South Korea seeing the steepest selloff, the report notes.
The shock followed a strong, artificial intelligence (AI) driven rally that had left the technology-heavy markets of South Korea and Taiwan with elevated valuations, making them acutely exposed to a sudden shift in risk appetite, Moody's Analytics said.
According to the report, developed Asian markets like South Korea and Taiwan a...