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Asian Stocks Gain After Optimism About AI Sends Wall Street Higher
- Asian markets opened higher Wednesday, with the MSCI Asia-Pacific Index climbing 1.1% and Japan's Nikkei hitting a record high in the Tokyo trading session.
- Positive AI headlines, led by Anthropic and AMD–Meta, drove U.S. tech strength overnight as Anthropic unveiled 10 business tools and AMD announced a multiyear Meta Platforms deal.
- South Korea's Kospi rose 1.7% to 6,069.36, with SK Hynix and Samsung Electronics leading regional gains, while Australia's S&P/ASX 200 climbed 1.1% to 9,122.50.
- Markets also reacted to President Donald Trump's State of the Union as U.S. futures trimmed gains and the dollar gauge dipped during the speech, with Nvidia's earnings after the US market close on Wednesday remaining a key risk.
- Amid swings in AI names, analysts warn earnings will be decisive as AI-related stocks have see-sawed in recent weeks and South Korea's Kospi Index surged 44% this year to a $3.76 trillion valuation.
26 Articles
26 Articles
Associated Press News
Asian stocks gain after optimism about AI sends Wall Street higher
Asian shares are mostly higher, with Japan’s benchmark hitting a record high, as investors were cheered by an overnight Wall Street rally that seemed to reflect optimism about the artificial-intelligence boom.
US futures are flat and Asian stocks gain after optimism about AI sends Wall Street higher
TOKYO (AP) — U.S. futures were flat after President Donald Trump’s State of the Union speech, while Asian shares were mostly higher. Japan’s benchmark briefly hit a record high as investors were cheered by an overnight Wall Street rally driven by optimism about the artificial-intelligence boom. Tokyo’s Nikkei 225 surged 2.2% to 58,583.12. Shares also rose in China. Hong Kong’s Hang Seng rose 0.5% to 26,735.22, while the Shanghai Composite added …
Asia markets rise on better AI sentiment, Trump speech awaited
SYDNEY: Asia's financial markets were higher on Wednesday with Korean chipmakers leading gains, as investors double down on what they see as the safest bet on artificial intelligence (AI), while the yen remained in focus.
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