Global Stock Market Rally Prompts Dot-Com Bubble Comparisons

Global equity markets have seen substantial gains in 2026, largely propelled by an AI-fueled surge in semiconductor stocks, with South Korea's KOSPI notably rising over 100%. This rapid market appreciation, combined with a high Shiller CAPE ratio, is drawing parallels to the late 1990s Dot Com bubble. Concerns are emerging regarding potential market overvaluation and the challenging position of central banks regarding interest rate policies.