Asia-Pacific equities posted a notable rise, driven by strong quarterly results from U.S. mega cap technology companies. South Korea’s KOSPI index climbed over 3%, while the MSCI Asia-Pacific index outside Japan gained approximately 1% in early trading. The semiconductor sector, closely tied to artificial intelligence investments, remains the primary catalyst for this movement. NVIDIA, in particular, could benefit from this renewed confidence, with a 59% probability of becoming the world’s largest company by market capitalization by the end of August.
Source: Read the original article
