Asia Stocks Split: These Markets Soared, These Crashed in 2026

In the first half of 2026, Asian stock markets showed a sharp divide. While some economies posted strong gains, others suffered deep losses. India’s Nifty 50 index led the region, rising 12% on the back of strong domestic demand and foreign investment. Japan’s Nikkei 225 also climbed 8%, supported by a weak yen that boosted exports. On the losing side, South Korea’s Kospi index fell 9%. The drop followed a slump in semiconductor exports and political uncertainty. Thailand’s SET index lost 11%, hurt by a slowdown in tourism and weaker consumer spending. China’s Shanghai Composite ended flat, as government stimulus efforts were offset by concerns over a property sector crisis. Analysts say the split reflects different local conditions. Markets with strong domestic consumption or export advantages outperformed, while those reliant on global demand or facing political risks struggled.