A deepening selloff in artificial intelligence-linked shares drove the MSCI emerging-market equity index lower for a second consecutive session on 13 October 2026, with currencies from Asia's major technology hubs declining in tandem, according to Bloomberg Markets. The move extended losses that began the prior trading day, broadening pressure across equity and foreign-exchange markets tied to the AI and semiconductor supply chain.
The South Korean won, New Taiwan dollar, and Singapore dollar each fell alongside the equity decline, as Bloomberg Markets reported these currencies moving in tandem with AI-linked share weakness. The Philippine peso was also noted among the declining currencies in the region.
Emerging-market equity funds with significant exposure to Asian technology manufacturers — including vehicles tracking Chinese and broader Asian equity benchmarks — registered losses across both sessions as the selloff deepened. The Korean won, Taiwan dollar, and Singapore dollar function as proxies for semiconductor and AI hardware export revenues, making them directly sensitive to shifts in AI sector demand expectations.
Bloomberg Markets attributed the pressure to reassessment of AI sector valuations and a broader contraction in investor risk appetite, without citing any single catalyst. No official regulatory or government response to the market moves was reported in the cluster.
Sources: Bloomberg Markets, Marketwatch TOP