MSCI Asia Pacific Index Jumps 21% in Quarter as AI Rally Lifts Tech Stocks

1 articles · Updated · Bloomberg · Jun 30

Asian equities headed for their biggest quarterly gain in 17 years, with the MSCI Asia Pacific Index up 0.8% on the quarter’s final trading day after earlier swings.
A 21% three-month advance was driven by artificial-intelligence optimism that powered technology shares, especially in South Korea.
South Korea’s Kospi has become the world’s best-performing major equity benchmark this year, while Samsung Electronics gained about 98% in the quarter and SK Hynix surged roughly 225%.
The risk-on move came alongside currency pressure, with the yen sliding to its weakest level against the dollar since 1986.