US Edition
Tech firms lead Asian markets rally as Seoul, Tokyo hit records
Tech and chip stocks led gains with Seoul's Kospi up over 40% this year and Tokyo's Nikkei hitting a record, driven by AI optimism and corporate chip deals.
- Around 0200 GMT, Seoul's Kospi index jumped past 6,000 points for the first time while Tokyo's Nikkei 225 hit a new peak, having surged more than 40 percent this year.
- Following a Wall Street-led rally and a tariff announcement, Asia gained as attention focused on Nvidia's earnings and Meta's chip deal with AMD boosted optimism.
- Chip and tech names led, with Samsung and SK hynix driving Seoul's rise, Advantest and Tokyo Electron among Tokyo's best, and Taiwan Semiconductor Manufacturing Company supporting Taipei.
- Investors piled into the AI trade, amplifying gains across Asian bourses, while Matt Weller warned meeting earnings may not lift Wall Street tech titans and Citrini Research flagged new risks Sunday; Anthropic helped temper fears.
- With BOJ conversations resurfacing, markets will watch President Donald Trump's State of the Union and Nvidia's results, which analysts say could influence sentiment.
26 Articles
26 Articles
The Tokyo and Seoul Stock Exchanges have reached record figures. European stock markets have opened up on Wednesday, taking advantage of a certain number of...
In the commodities and currency markets, oil rose, the dollar weakened slightly against the yen, and the euro appreciated.
Artificial intelligence is booming and the Korean chip manufacturers in particular benefit from it. Investors are also eagerly awaiting Nvidia's balance sheet.
Tech-Led Rally Extends to Asia, Korea Hits Record: Markets Wrap
(Bloomberg) -- Asian stocks joined a rally in technology shares that lifted Wall Street benchmarks, tempering concern about the disruptive effects of artificial intelligence that had rattled markets for weeks.
Emerging Stocks Hit New High as Asian Tech Rally Powers On
Most developing-world currencies reversed early losses on Tuesday as the dollar’s initial strength faded and global markets rebounded from a selloff driven by geopolitical tensions and concerns over the disruptive impact of artificial intelligence.
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