Nikkei, Kospi, Topix: Asian stock markets benefit from AI optimism
Nvidia supplier SK Hynix has posted strong quarterly figures. The robust numbers instill confidence in investors and drive Asian indexes up.
Asian stock markets rose on Wednesday, driven by renewed optimism about artificial intelligence and strong quarterly results from South Korean chipmaker SK Hynix. The company's operating profit more than septupled, fueled by the AI boom, and it expects demand to outstrip supply until 2030. Japan's Nikkei 225 index gained 1.5% to 64,223, while China's Shanghai and CSI 300 indexes rose 0.7%. SK Hynix's shares increased by 1.8%, and investors are now awaiting quarterly reports from US tech giants Alphabet and Microsoft.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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