Asia Insights April 2026

Shikhara's April commentary highlights a strong rebound in Asian equities driven by an AI-led supply chain squeeze and US fiscal stimulus. The firm remains bullish on Korea and Taiwan, viewing Asian markets as undervalued beneficiaries of the global industrial cycle.

Key Takeaways

• 1.Asian markets rebounded sharply in April (MSCI AC Asia Ex-Japan +16.3%) following a March sell-off, driven by a US-Iran ceasefire and a return to fundamentals.
• 2.The AI supply chain is experiencing unprecedented tightness, with demand for infrastructure components like GPUs, memory, and optical transceivers far exceeding supply.
• 3.US fiscal stimulus via the One Big Beautiful Bill Act (OBBBA) is driving a global industrial renaissance, significantly benefiting Asian precision machinery and component exporters.

Table of Contents

• From the CIO's Desk
• Market Review
• Portfolio Commentary & Outlook
• The March Drawdown and April Rebound: Conviction Tested, Conviction Rewarded
• AI Infrastructure Squeeze Intensifies
• The US Fiscal Tailwind Boosting the Global Industrial Cycle
• Portfolio Positioning
• Disclaimer

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial