Asian markets rise as AI stocks recover
Asian markets and U.S. stock futures started the week with gains as AI-focused stocks recovered following losses last week. The Taiwan stock market led the regional rally, driven by a surge in TSMC shares.
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Asian markets and U.S. stock futures posted gains on Monday as AI-related stocks recovered from last week's selling pressure.
Taiwan's Taiex index closed the day with a 5.6 percent gain, bolstered by a 5.6 percent rise in shares of chipmaker TSMC. Similar optimism was observed in other regional markets, with Japan's Nikkei 225 index rising 3.4 percent and South Korea's Kospi index also recording gains.
Sources
- wral.com · Link