TOKYO / SEOUL / LONDON (IT BOLTWISE) – Asian stock markets are surging, driven by an AI rally and hopes of interest rate cuts from the US Federal Reserve. In Japan and South Korea, the indices are reaching new all-time highs, while technology companies are benefiting from strong quarterly figures. An upcoming trade deal between the US and China could further boost markets.
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Asian stock markets have enjoyed a remarkable rally, driven by a combination of technological advances and geopolitical developments. Japan and South Korea in particular recorded impressive price gains, driving their indices to new all-time highs. This development was largely supported by the strong performance of companies in the semiconductor sector, such as SK Hynix and Advantest, which impressed with their latest quarterly figures.
A key driver of this rally was the hope of a rate cut by the US Federal Reserve, which could give global markets an additional boost. At the same time, the prospect of a trade agreement between the USA and China caused optimism. In his recent statements, US President Donald Trump fueled expectations of an early agreement, which further boosted the markets.
In Japan, the Nikkei-225 benefited not only from the positive corporate figures, but also from the economic stimulus measures announced by the new Prime Minister Sanae Takaichi. These measures are intended to further support the country’s economic recovery. In addition, an agreement with the USA on rare earths was received positively, which further lifted the mood on the markets.
In South Korea, strong demand for artificial intelligence led to record profits at SK Hynix, sending shares up over seven percent. Despite some profit-taking, the upward trend continued as investors took the opportunity to get back in. The Kospi index climbed by 1.8 percent and continued its upward trajectory.
While Asian markets were dominated by positive news, Australia emerged as an outlier. Here, unexpectedly high consumer prices weighed on the market as they dampened hopes of an interest rate cut by the Reserve Bank of Australia. Still, the Australian dollar strengthened, pointing to the country’s robust economic fundamentals.
Developments in Asia could have far-reaching implications for global markets, especially if US-China trade talks are successful. The technological pioneering role of Asian companies in the areas of artificial intelligence and semiconductors could also strengthen the region’s competitiveness in the long term.
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