Tech bounce lifts Asia stocks, oil extends gains on US-Iran fears
Tech firms enjoyed a much-needed bounce on Thursday as they helped most Asian stock markets higher amid renewed hopes for the AI boom, though oil prices rallied after the US and Iran ratcheted up Middle East tensions.Still, Asian traders took the opportunity to buy back into beaten-down stocks, with Seoul up more than four percent at one point, helped by rallies in chip giants SK hynix and Samsung, while Tokyo gained on the back of Advantest and Tokyo Electron.
Tech firms enjoyed a much-needed bounce on Thursday as they helped most Asian stock markets higher amid renewed hopes for the AI boom, though oil prices rallied after the US and Iran ratcheted up Middle East tensions.Still, Asian traders took the opportunity to buy back into beaten-down stocks, with Seoul up more than four percent at one point, helped by rallies in chip giants SK hynix and Samsung, while Tokyo gained on the back of Advantest and Tokyo Electron.
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