Luxury spending is holding up in parts of Asia even as the AI-fueled stock-market rallies that helped create new wealth have stumbled.
In South Korea and Japan, affluent consumers are still spending on jewelry, watches, and other luxury goods after huge gains in AI-linked stocks swelled household wealth.
The trend is most apparent in South Korea, where Samsung Electronics, SK Hynix, and other technology companies powered a historic stock-market rally earlier this year.
Markets have since turned volatile, but consumer spending has proved more resilient.
“Buoyant revenues for technology firms have helped to drive large bonuses and dividend…
