Allspring stays cautious on IT and pharma, backs India, Korea, and AI chip plays

Prashant Paroda of Allspring Global Investments sees a selective path for emerging markets in 2026. India remains a focus but requires stock-specific choices, with financials and autos preferred. Korea stands out due to AI-driven demand for memory chips, while China exposure is tilted toward AI. In the US, continued gains may depend on large AI-linked capital raising.

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