Asia's AI boom is spilling out of the stock market and into luxury spending

In South Korea and Japan, affluent consumers continue to spend on luxury items such as jewelry and watches, supported by wealth gains from AI-linked stocks. South Korea experienced a historic stock-market rally earlier this year, driven by technology companies like Samsung Electronics and SK Hynix. Although markets have since become volatile, consumer spending has remained resilient. Additionally, large bonuses for chipmaker employees could inject billions more into the economy.

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