Asian Stocks Soar to Record Highs, Outperforming Wall Street Amid AI Shift

• MSCI Asia Pacific Index hits all-time high, up 13% this year, strongest start relative to S&P 500 this century.
• US equities advanced only 1.4% in the same period, highlighting Asia's outperformance.
• Stronger-than-expected US jobs data and rising Treasury yields shift global backdrop.
• Investors rotate into Asian equities due to cheaper valuations and improving earnings visibility.
• AI investment shifts to hardware, semiconductors, and industrial applications, benefiting Asian companies.