AI Mania to Boost Korean Won as Analysts Bet Chip Slump Will End ◀read more

A tentative rebound in the South Korean won may get an additional tailwind in the second half of the year thanks to the global boom in artificial intelligence. 

That’s expected to boost exports of Korean semiconductors, which in turn will help improve the country’s terms of trade. Analysts from Goldman Sachs Group Inc., HSBC Holdings Plc and Nomura Holdings Inc. have touted a turn in the chip cycle as a plus for the won in recent research with the latter specifically mentioning the secular AI investment theme in a note last month. (Shared from Bloomberg)