Australian equities are attracting renewed investor interest as a broad-based sell-off in global technology shares triggers capital outflows from the Nasdaq and South Korea's Kospi.
The reversal highlights a shifting dynamic in global portfolio allocation, where the ASX's historically low exposure to the artificial intelligence trade is now viewed as a buffer against volatility rather than a structural weakness.
The sell-off in tech-heavy markets has been sharp, with aggressive profit-taking driving Asian equities away from record levels.
South Korea's Kospi index tumbled significantly, while the Nasdaq faced sustained selling pressure.
In contrast, the ASX has shown relative resilience, benefiting from a rotation of funds seeking stability amid the tech correction.
This divergence underscores the growing appeal of markets with less concentration in high-multiple growth stocks.