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South Korea’s Kospi index jumped more than 16% on Friday, tracking gains on Wall Street as artificial intelligence-related stocks bounced back after losses earlier this week. U.S. futures edged higher and oil prices rose. In early Asian trading, the Kospi surged at the open and ratcheted up, trading 16.5% higher at 6,515.40.
Shares slipped in Asia and oil prices jumped Thursday as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks. U.S. futures edged higher. The United States launched more airstrikes on Iran, and Iran responded by firing at Bahrain, Kuwait and Qatar, a day after U.S. President Donald Trump said their temporary ceasefire was “over.”
U.S. Iran Agreement Eases Pressure Across Chip Stocks
Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war. Samsung Electronics, South Korea's most valuable company, advanced 11.2%. Tokyo’s Nikkei’s 225 gained 3.5% to 66,442.95, also led by gains for technology stocks.
By Junko Fujita TOKYO, May 27 (Reuters) - Japan's Nikkei share average rose to a record high on Wednesday, as gains in index heavyweight chip-related equities outweighed losses in financials and other
Investing.com-- Tokyo Electron Ltd. (TYO:8035) shares rose sharply on Friday after the Japanese chipmaking equipment maker forecast above-consensus earnings for the first half of the fiscal year, thanks to outsized AI-fueled demand.
Earnings per share for the fiscal third quarter were $1.47, besting Wall Street’s consensus estimate of $1.36, and up from $1.04 last year.
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