Asian Equities Soar to Record February Highs on AI Boom, Outperforming Global Markets

• MSCI Asia Pacific Index gained 6.4% this month, marking its best February performance since 1998.
• Asian equities outperformed European and US benchmarks due to investments in AI infrastructure suppliers.
• Global asset managers overseeing over $20 trillion are increasingly bullish on emerging-market equities.
• Citigroup Inc. found funds added long positions across Asian, Latin American, and EMEA markets.
• Technology shares declined on Friday after a muted reaction to Nvidia Corp.'s earnings, despite strong results.