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Asian shares rise on AI boost
Asian stocks surged today, Friday, driven by renewed confidence in artificial intelligence. The South Korean Kospi index achieved a historic rise of 17%, marking its largest single-day gain ever, with shares of SK Hynix and Samsung Electronics climbing around 20%. The Japanese Nikkei 225 also increased by more than 4%, along with gains in regional markets, supported by strong earnings reports from major technology companies like Microsoft and Amazon. Microsoft's stock hit record highs, adding approximately $450 billion to its market capitalization after rising 16%, while Amazon's shares increased by 9.5%. Conversely, Apple’s stock fell by over 6% due to supply chain constraints. This recovery led to a 3% increase in the Nasdaq 100 index, boosting investor sentiment and fueling a wave of market rebound.
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