India emerges as Asia's only major greenback While major Asian markets witnessed sharp declines, with Japan falling as much as 7%, South Korea 8.8% and Taiwan 9%, India's Nifty hit a 3-month high, on course for its best weekly performance since 2021. During the last two weeks: - India: +10%.
- Taiwan: -13.8%.
- South Korea: -8.8%.
- Japan: -8.4% India is increasingly seen as an anti-AI trade, given its relatively limited exposure to the AI-driven tech stocks that dominate other Asian markets.