Emerging-market stocks reached another record high Tuesday as Asian technology shares posted fresh gains, defying the AI-related concerns that have pressured U.S. markets. The rally allowed the sector to extend its recent momentum despite volatility in developed markets. Asian tech stocks led the advance, building on recent strength.

China's currency strengthened as trading resumed following the Lunar New Year holiday, with the yuan firming against major currencies. The timing of the holiday break had previously paused mainland trading activity. This resumption contributed to positive sentiment across emerging markets, with investors showing renewed confidence in the region's growth prospects.

The divergence between emerging and developed markets highlights shifting investor focus toward regions showing stronger momentum. While U.S. stocks have grappled with AI-related uncertainty, emerging markets have benefited from improving economic conditions and supportive monetary policies in key economies.