{"id":23667,"date":"2026-02-20T16:13:49","date_gmt":"2026-02-20T15:13:49","guid":{"rendered":"https:\/\/latribune.lazardfreresgestion.fr\/?p=23667"},"modified":"2026-04-21T16:17:33","modified_gmt":"2026-04-21T15:17:33","slug":"asias-momentum-stays-strong","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/asias-momentum-stays-strong\/","title":{"rendered":"Asia\u2019s Momentum Stays Strong"},"content":{"rendered":"

Chart of the Week<\/h2>\n

Most Asian economies have now released their fourth\u2011quarter growth figures, apart from India, which will report on February 27. Overall, the results beat expectations.<\/p>\n

Taiwan was the clear standout, posting year\u2011on\u2011year growth above 12%, supported by strong AI\u2011related exports. This is particularly notable given that Taiwan represents almost 20% of the MSCI Emerging Markets Index. South Korea, by contrast, delivered a more muted performance. Although it is also benefiting from the AI cycle, exports make up a smaller share of its GDP than in Taiwan, and much of their recent growth has been driven by price effects \u2013 especially in memory chips. While this boosts corporate revenues, it does not, by definition, translate into higher GDP volumes.<\/p>\n

\"\"<\/p>\n

OUR <\/b>ANALYSIS<\/b><\/h3>\n

Asian economies continue to show resilience, with January PMI readings suggesting that this momentum has continued since the start of 2026. Much of this strength is being driven by the AI investment cycle, which is providing a powerful boost to countries positioned at the upstream end of the value chain, such as Taiwan. The earnings season has reinforced this picture: US hyperscalers have again raised their capital\u2011spending plans for 2026, now projecting growth of about 65%, indicating that this support is likely to persist through the coming year.<\/p>\n

***<\/p>\n

Written on February 20 2026. Opinions subject to change.<\/p>\n

See also: Gold & Silver: Bubble Warning Signs Are Flashing<\/a><\/p>\n

This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS. LAZARD FRERES GESTION \u2013 a simplified joint stock company with share capital of \u20ac14,487,500 \u2013 Paris Trade and Companies Registry No. 352 213 599. 25, RUE DE COURCELLES \u2013 75008 PARIS, FRANCE<\/p>\n","protected":false},"excerpt":{"rendered":"

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