Kospi Rises 4% After SK Hynix Results; Asian Stocks Gain
Asian equities opened higher, with the MSCI Asia Pacific Index up 0.6%, as AI optimism lifted sentiment ahead of major technology earnings and the US Federal Reserve’s rate decision.
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01:36:58 AM UTC
SquawkNews
Asian stocks climbed for a second consecutive day as enthusiasm for the artificial intelligence trade lifted equities ahead of earnings from tech megacaps and the Federal Reserve’s interest-rate decision.The MSCI Asia Pacific Index rose 0.8%, led by a 4.5% jump in South Korea’s Kospi Index. That ca…
01:38:33 AM UTC
SquawkNews
By Rae WeeAsia stocks rallied on Wednesday after a resurgence in AI enthusiasm ahead of earnings from industry bellwethers later in the US day, while the dollar was perky ahead of a Federal Reserve policy decision.South Korean chipmaker SK Hynix KRX:000660 reporting a more than seven-fold rise in q…
Asian equities opened higher on Wednesday October 28, following Wall Street’s rally as fresh enthusiasm for artificial intelligence stocks lifted sentiment before big tech earnings and the US Federal Reserve’s rate decision.The MSCI Asia Pacific Index gained 0.6%, with benchmarks in Australia, Japa…