Asian Stocks Surge, KOSPI Leads on AI Optimism and Wall Street Gains
Asian equities climbed Friday, with South Korea's KOSPI leading gains, as AI enthusiasm and robust earnings from Microsoft and Amazon fueled a broad tech rally.
Asian stock markets advanced on Friday, taking cues from a strong overnight session on Wall Street where a global semiconductor rally and renewed artificial intelligence optimism lifted sentiment.
South Korea's KOSPI was the standout, outperforming regional peers. The buying was broad-based but concentrated in technology shares, mirroring the surge in chip stocks overseas.
Earnings reports from Microsoft and Amazon reinforced expectations that hyperscaler investment in AI will remain resilient, supporting demand for related hardware and services. The upbeat outlook helped push Asian tech names higher across the board.
Source: FXStreet Forex News