Tech firms lead Asia markets rally as Seoul, Tokyo hit records
Gulf Times
Tech firms lead Asia markets rally as Seoul, Tokyo hit records
Stock markets in Seoul and Tokyo surged to record highs as tech firms led an Asia-wide rally on Wednesday following a rebound in their counterparts on Wall Street. Investors built on a broadly healthy week in the region as they piled onto the artificial intelligence bandwagon amid a shift from New York, where there is growing concern about elevated valuations as well as US political and economic uncertainty. In Tokyo, the Nikkei 225 closed up 2.2% to 58,583.12 points; Hong Kong - Hang Seng Index ended up 0.7% to 26,765.72 points and Shanghai - Composite closed up 0.7% to 4,147.23 points Wednesday.
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