Asian stock markets surge as AI wave fuels

A surge in technology companies helped the Tokyo Stock Exchange's Nikkei 225 index lead the gains of most Asian stock markets in the morning trading session on October 3.

An electronic board displays the Nikkei 225 stock index in Tokyo, Japan. Photo: Kyodo/VNA

Tokyo's Nikkei 225 index rose 1.4% to 45,584.54, with gains also seen in Sydney, Wellington, Taipei, Jakarta and Manila. Hong Kong's Hang Seng index fell 0.6% to 27,125.17. Singapore also fell slightly. Shanghai was closed for a holiday.

Investors entered the weekend session on a positive note, as expectations of lower US interest rates outweighed concerns about a government shutdown.

The rally in global stock markets this year has been largely driven by companies pouring billions into areas related to artificial intelligence (AI), and traders are keen to avoid missing out. This has pushed the market values ​​of some big names to record highs – with US chipmaker Nvidia surpassing the $4 trillion mark and pushing some markets to new highs.

This week, the market got more momentum after two South Korean semiconductor companies, Samsung and SK hynix, said they had reached a preliminary agreement with OpenAI to provide chips and equipment for the Stargate project of developer ChatGPT. Hitachi shares rose more than 9%, other Japanese technology companies also rose, Renesas also rose by a similar amount. Sony shares rose 2.8%, Advantest rose more than 3%, and technology investment group SoftBank rose more than 3%.

Meanwhile, in Vietnam, at 11:30 a.m., the VN-Index decreased by 10.39 points (0.63%) to 1,642.32 points, and the HNX-Index decreased by 3.31 points (1.23%) to 266.24 points.

Source: https://baotintuc.vn/thi-truong-tien-te/thi-truong-chung-khoan-chau-a-khoi-sac-nho-lan-song-ai-tiep-suc-20251003121107908.htm