BlackRock Favors Korean Stocks as Tech Demand Drives Profit Boom

BlackRock Inc. said South Korean equities are a key driver behind its latest upgrade of emerging-market stocks, citing sharp earnings growth and leverage to global semiconductor demand.

The world’s largest asset manager turned overweight on US and emerging-market shares this week, saying both cohorts offer earnings upside. Corporate profit expectations have been climbing in 2026 despite the Iran war, partly buoyed by artificial intelligence themes.