Semiconductor Surge Catapults Emerging Market Stocks to All-Time Record High

**Semiconductor Surge Catapults Emerging Market Stocks to All-Time Record High** A powerful rally in Asian chipmaker stocks has driven the combined emerging markets stock index to a new all-time high, reversing sharp losses suffered earlier this week [135956]. The surge, led by industry giants like Taiwan Semiconductor Manufacturing Company (TSMC), Samsung, and SK Hynix, pushed the index past its previous record and fully recovered from a brief sell-off triggered by news of conflict between Iran and Israel [135956]. The strong performance in semiconductor stocks signals growing investor confidence in the global tech sector, particularly in Asia’s key manufacturing hubs [135956]. Meanwhile, other major markets showed mixed results. U.S. stock markets retreated on Tuesday, with the tech-heavy Nasdaq falling 0.9% and the S&P 500 losing 0.49% after hitting an all-time high just one day earlier [135604]. Investors sold off semiconductor stocks in the U.S., and rising oil prices added to the selling pressure [135604]. In Europe, markets closed with mixed results as the pan-European Stoxx 600 index fell 0.37%, dragged down by losses in France and Germany [135626]. France's CAC 40 dropped 0.46%, while Germany's DAX slipped 0.27% [135626]. The UK's FTSE 100 managed a slight gain of 0.11%, though it had earlier dropped to its lowest level in nearly a month over concerns about the economic impact of the war with Iran on UK exports to the Middle East [135859] [135626]. Turkey’s main stock index, the BIST 100, also posted strong gains, closing at a record high on Monday after jumping 1.28 percent [134445]. The index rose again on Tuesday, finishing up more than 1 percent [128734], following a single-day rally of 2.34% earlier in the week [71758]. Chipmaker Rally Pushes Emerging Market Stocks to Record High UK stocks fall as Iran war hits exports European Stocks End Mixed: France and Germany Dip, UK Edges Up Wall Street Slips: Chip Stocks and Oil Prices Trigger Sell-Off Turkey’s Stock Market Hits All-Time High Turkish Stocks Surge as Key Index Jumps Over 1% Turkish Stocks Surge 2.3% in Single-Day Rally