Asian markets are making waves. South Korea's Kospi and Taiwan's stock market have surged, driven by the AI boom. These markets are now outperforming many Western exchanges. Investors are watching closely as capital shifts towards these AI-focused economies. This new global stock market order presents exciting opportunities and potential risks.

North Asian markets are outperforming South Asian markets, supported by stronger fiscal ability and AI developments, Goldman said.

A global reshuffling in stock-market hierarchy is underway. AI is propelling Taiwan and South Korea past a couple long-established Western countries.