Seoul, Taipei hit records as Asian stocks track Wall St tech rally
Asian stocks rose on Monday, with Seoul and Taipei hitting records, as tech firms led the rally following strong earnings reports from Apple, Google, Microsoft, and Samsung. Investors were also cheered by news that Iran had submitted fresh proposals to end its conflict with the US.
Asian markets rose on Monday, driven by tech firms, after strong earnings reports from Apple, Google, Microsoft, and Samsung. Seoul and Taipei hit records, jumping over four percent. South Korean chip giant SK hynix surged over 10 percent, while Samsung and Taiwanese counterpart TSMC also rose. Hong Kong saw strong gains thanks to Chinese tech firms, including Alibaba. Investors were also buoyed by news that Iran had submitted a 14-point plan to end its conflict with the US, although a senior Iranian official warned that any US attempt to interfere in the Strait of Hormuz would be considered a breach of the ceasefire. Oil prices fluctuated on Monday after dropping on Friday. US Central Command announced it would support 'Project Freedom' with guided-missile destroyers and 15,000 service members.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.