MSCI Asia Pacific Index Rises 1.3% as AI Shares Rebound and Middle East Tensions Ease
Updated
Updated · Bloomberg · Jun 9
MSCI Asia Pacific Index Rises 1.3% as AI Shares Rebound and Middle East Tensions Ease
3 articles · Updated · Bloomberg · Jun 9
Summary
The MSCI Asia Pacific Index climbed 1.3%, snapping a three-day losing streak after the region’s biggest drop since March.
Easing Middle East tensions and a fading selloff in artificial-intelligence stocks drew dip buyers back into the market, extending a rebound seen after Wall Street gains.
South Korea’s Kospi — this year’s best-performing major gauge on AI-driven gains — advanced with SK Hynix up 8.1% and Samsung Electronics rising 3.9%.
The bounce comes after recent losses were also fueled by bets that the Federal Reserve could raise interest rates, leaving investors balancing geopolitical relief against policy risk.