Asian stocks recorded their largest gain in almost four months, driven by a surge in chipmakers and AI-related shares. The rally followed strong earnings reports from major technology companies, which reinforced expectations of robust artificial intelligence demand.
Investors moved heavily into chipmakers after the standout results. The enthusiasm was further amplified by a rally on Wall Street, where tech stocks cheered the earnings news, and by month-end buying activity that added to the upward momentum.
4 months
The longest stretch without such a large single-day gain in Asian stocks.
