Asian stocks climbed as investors favored semiconductor shares due to AI demand. Oil prices declined as energy supply disruption fears eased.
South Korea's KOSPI index saw a significant rally, while other regional benchmarks edged higher. Futures for the Nasdaq 100 Index indicated a more cautious market sentiment.
Company earnings and profit growth will guide market direction next month.
Reported by AI Image generated by AI
Asian stocks climbed higher on Monday, led by companies focused on artificial intelligence, despite escalating concerns over Middle East stability. Oil prices jumped after President Donald Trump rejected Iran's response to a US peace proposal as unacceptable. The developments come amid a 10-week-old conflict between the two nations.
Asian markets rebounded cautiously on Wednesday after a tech-led global selloff. The move renewed concerns over the durability of the AI-driven rally.
Reported by AI
Asian stocks rebounded on easing Middle East tensions and a recovery in artificial intelligence shares. South Korea's KOSPI led the gains while Wall Street also advanced.
South Korean stocks opened sharply higher Wednesday on semiconductor gains, prompting the Korea Exchange to trigger a buy-side sidecar that suspended program trading for five minutes.
Reported by AI
South Korean stocks closed higher on Friday as semiconductor shares rallied following overnight gains on Wall Street. The benchmark KOSPI rose 2.52 percent to 7,475.94. The Korean won also gained against the U.S. dollar.
Seoul stocks opened lower on Monday, led by declines in major semiconductor makers amid escalating Middle East tensions.
Reported by AI
Seoul stocks opened higher Thursday on sustained demand for Artificial Intelligence, with the benchmark KOSPI rising 207.25 points, or 3.05 percent, to 7,004.95 as of 9:35 a.m.