US EditionSeoul, Taipei Hit Records on Tech Rally
SK hynix, Samsung Electronics and TSMC led gains as investors bet on artificial intelligence demand and stronger tech earnings, with the MSCI Asia Pacific Index up 2%.
- Seoul and Taipei hit record highs on Monday as Asian traders joined a rally in technology shares, pushing key benchmarks to all-time peaks.
- Global demand for AI hardware reawakened interest in the technology sector after market tumult caused by geopolitical strikes at the end of February.
- SK Hynix Inc. soared nearly 13% on Monday to a record, while Taiwan Semiconductor Manufacturing Co. jumped 6.6% to an all-time high.
- The AI-led surge masks underlying strains in broader Asian markets, as energy-reliant economies like India, Indonesia, and the Philippines have lagged amid inflation concerns.
- U.S. Navy destroyers entered the Strait of Hormuz as oil prices rose, prompting President Donald Trump to announce a new escort mission while Tehran's forces reportedly closed the key shipping route.
18 Articles
18 Articles
Stock markets in Asia are currently climbing new records. AI shares are rising massively. This euphoria hides the problem factor Iran war. The post stock markets in Asia are no longer able to hold – AI is pushing for new records appeared first on financemarktwelt.de.
AI chip rally in S. Korea, Taiwan pushes Asian stocks to record
The MSCI Asia Pacific Index rose as much as 2.3%, marking its strongest intraday gain since April 8. Technology-heavy markets in South Korea and Taiwan each jumped more than 4%, driving the regional rally, News.Az reports, citing Bloomberg. The gains followed continued strength on Wall Street, where the S&P 500 extended a record-setting run on Friday, posting a fifth consecutive week of gains supported by strong earnings from major technology co…
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