About this episode
Tim Moe discusses the divergence in equity markets across Asia and the factors influencing North Asia's performance.
The equity story across Asia has split into two very different paths this year, with North Asian markets pulling ahead on the strength of the artificial intelligence trade while remaining more insulated from the energy supply shock tied to the Middle East. Goldman Sachs Research's Tim Moe explains what is driving the divergence, why he sees the semiconductor memory cycle lasting three to five years, and what could determine whether North Asia's outperformance continues. This episode was recorded on May 19, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express…
People in this episode
Guest: Tim Moe
Topics covered
- Asia equity markets
- artificial intelligence
- energy supply shock
- semiconductor cycle
- market divergence
Keywords
- Asia equity rally
- North Asia
- artificial intelligence trade
- energy supply shock
- semiconductor memory cycle
Mentioned in this episode
Organizations: Goldman Sachs
Products: semiconductor memory
Places: Asia, North Asia, Middle East
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