Only ONE of the top 4 major Asian markets has escaped bear-market territory. India’s Nifty 50 just posted its best week since 2021 being a major “anti-AI trade." 6 month benchmark returns: 🇮🇳 India · Nifty 50 +2.9% 🇨🇳 Shanghai Composite Index · SSE -12.36%, 🇯🇵 Japan · Nikkei 225 −3.5% 🇰🇷 South Korea · KOSPI −31.5% The Indian index rallied 10.8% in past two weeks with a massive influx from foreign investors to close at its highest level in over 8 months. Over those same two weeks- 🔻Taiwan -13.8%, 🔻South Korea -8.8% 🔻and Japan -8.4%. Japan and Taiwan both closed more than -20% below their peaks, joining South Korea in bear-market territory. The Nifty sees little direct exposure to the falling chipmakers.