Emerging-market assets fell for a third straight session, led by South Korea
after Broadcom reported AI-chip sales that missed overheated expectations. The
MSCI Emerging Markets index dropped 1.7% to 1,728.66; the KOSPI plunged as much
as 7% intraday on Friday. Samsung Electronics and SK Hynix were among the
heaviest decliners; the two accounts for more than half of KOSPI market value.
After two weeks of gains, EM equities and currencies look set to post a weekly
loss. Saxo Markets strategist Charu Chanana said Broadcom is a trigger that
exposed oversized AI expectations and warned small disappointments can prompt
sharp re‑ratings; a stronger-than-expected U.S. nonfarm payrolls print could
provide another pretext for investors to trim AI positions.
