Asian stocks hit two-week high, led by S.Korea, Taiwan on AI trade revival

) Indonesian assets under pressure before BI decision Taiwan shares scale record high Korean won leads regional FX gain EM Asia stocks hit two-week high By Rajasik Mukherjee Sept 22 (Reuters) — South Korean and Taiwanese stocks led gains in Asian equities on Tuesday, as investors returned to AI-linked trades following an overnight rally in US chipmakers and technology stocks on signs that spending on the fast-growing sector remains resilient. 7%, hitting its highest since September 8. 9% to notch a record high and were on track for a fifth straight session of gains. 3%, hitting its highest since September 8.

Sentiment toward AI stocks improved after last week's sharp selloff, with investors looking past recent industry warnings and focusing instead on signs of robust corporate AI spending, reinforcing expectations for sustained demand for advanced chips and computing infrastructure. The rebound in US chipmakers and AI-linked heavyweights overnight, coupled with easing oil prices and lower Treasury yields, helped revive appetite for technology shares across Asia's export-oriented markets. com. 7%.

Indonesian stocks fell 1%, hitting their lowest since August 14, a day ahead of Bank Indonesia's policy decision. 75%, as recent rupiah stability and subdued inflation give policymakers room to pause. "The rupiah has appreciated against the US dollar since early August, although it has given back some gains over the past week amid renewed oil price pressures and a more hawkish Fed outlook," Goldman Sachs said in a note. 4%, hitting its lowest since August 7.

Currencies in Asia painted a more constructive picture, with most strengthening against the dollar. 3%, hitting its highest since September 8. 2%. Elsewhere, Vietnamese leader To Lam said there had been positive negotiations on a trade agreement with the United States, and a deal could be signed soon.

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