Asian shares rally as AI optimism and tech earnings lift markets
Updated
Updated · Bloomberg · May 4
Asian shares rally as AI optimism and tech earnings lift markets
12 articles · Updated · Bloomberg · May 4
MSCI’s Asian equities index rose 2.2%, while South Korea and Taiwan benchmarks gained more than 4% to record highs; the yen also strengthened.
Taiwan Semiconductor Manufacturing climbed 6.6% and SK Hynix surged 11%, extending a regional tech-led advance after stronger-than-expected megacap earnings.
The index moved close to its Feb. 27 peak, set before the US-Israel war on Iran, building on earlier gains as the AI trade revived.
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