01
South Korea
KOSPI
YTD Performance
+85%
Top Performer
The standout EM story of the year, led by tech exporters and reform-driven re-rating.
KOSPI's surge has been fueled by semiconductor and battery exporters, alongside corporate governance reforms boosting valuations.
02
Taiwan
TAIEX
YTD Performance
+55%
Strong Gainer
Second-strongest EM performer, powered by AI-linked semiconductor demand.
TAIEX has ridden the global AI hardware cycle, with chipmakers and supply-chain names driving the bulk of the index gain.
03
Brazil
Ibovespa
YTD Performance
+8%
Steady Gain
A moderate, steady climb supported by commodity strength and attractive real yields.
Brazil's Ibovespa has benefited from high real interest rates attracting carry flows, along with commodity price support.
04
Mexico
S&P/BMV IPC
YTD Performance
+4.28%
Modest Gain
Modest single-digit gains, reflecting a more muted but positive year for the index.
Mexico's IPC has tracked nearshoring optimism and trade-linked manufacturing flows tied closely to the US economy.
05
China
CSI 300
YTD Performance
+2.63%
Flat / Range-bound
Near-flat performance, with stimulus measures offsetting ongoing property-sector drag.
China's CSI 300 has stayed range-bound, weighed down by a slow property-sector recovery despite periodic stimulus support.
06
India
Nifty 50
YTD Performance
−6.64%
Laggard
The only EM benchmark in the red this year, trailing peers amid FII outflows and valuation resets.
Nifty 50's decline reflects elevated valuations unwinding, sustained FII selling, and a slower earnings recovery than peers.