Irrational AI exuberance blowing big Asian bubbles

TOKYO – Surging stocks aren’t always good news, especially when the current artificial intelligence (AI)-driven boom underway gives Asia yet another big reason to fret.

And to batten down the hatches. Between China’s slowdown, the US Federal Reserve delaying easing moves and geopolitical uncertainties at every turn, Asia is navigating an increasingly precarious 2024.

Asian equities rising to two-year highs on little more than AI-inspired mania suggests fresh stock bubbles are being inflated by the day. Bubbles that, should they implode, could slam economies throughout the region.