Asia and Europe Lead Global Markets as AI Shift Dims US Benchmarks

Stocks in Asia and Europe were set to outperform US benchmarks in February as investors rotated into AI-related equities seen as insulated from disruption risks. The MSCI Asia Pacific Index rose about 7% in February, Europe’s benchmark up roughly 3.6%, while US indices declined; Nvidia’s earnings tempered broader AI enthusiasm. Treasuries hovered near 4% yields, oil steadied, and gold posted another monthly gain, signaling a shift in global risk appetite toward Asia and Europe.