Asian stock markets mostly advanced on Wednesday, tracking record gains on Wall Street, while global oil prices slipped amid easing market concerns.
South Korea’s Kospi index led regional gains, jumping nearly 5% to a record high as strong buying in technology and semiconductor stocks continued. Taiwan’s main index also surged, driven by optimism around artificial intelligence (AI) demand.
In Japan, the Nikkei 225 rose 1.3% to 65,816.62, briefly crossing the 66,000 mark during intraday trading for the first time. Shares of major chip-related companies such as Tokyo Electron and Advantest rose sharply.
The rally in Asian tech stocks followed a strong performance in the United States, where Micron Technology jumped nearly