Reported about 1 year ago
Asian stocks climbed following a surge in chipmakers that propelled US stocks to yet another all-time high on Wall Street. The MSCI Asia Pacific index rose 0.9%, with South Korea and Japan benefitting from gains in chip shares. Hong Kong stocks surged, while mainland Chinese stocks slightly declined as a financial conference in Shanghai took place. Traders are optimistic due to potential Federal Reserve rate cuts, driving tech stocks up, with Nvidia Corp. becoming the world’s most valuable company. The dollar remained stable, and Asian markets anticipate continued tech stock rallies and positive economic data.
Source: YAHOO