AI Versus Hormuz: Who Wins Who Loses?

The report analyzes how the AI boom is shielding South Korea and Taiwan from market volatility caused by US-Iran tensions. It highlights a hawkish BOK and a bullish outlook for the Korean Won (KRW).

Key Takeaways

• 1.The positive economic impact of AI is offsetting negative spillovers from the Strait of Hormuz conflict for South Korea, Taiwan, Singapore, and Malaysia.
• 2.The Bank of Korea (BOK) is signaling a potential July rate hike, driven by strong semiconductor exports and 3% inflation.
• 3.USD/KRW is forecast to move toward the 1400 level over the next 12 months as KRW becomes a top FX pick.

Table of Contents

• Market Highlights
• CHART 1: AI VERSUS HORMUZ – WHO WINS WHO LOSES?
• Ahead Today
• INDICATIVE RATES 1-Jun-2026
• Disclaimer

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