Asian equity markets staged a broad recovery on Thursday, with South Korean shares leading the charge as investors renewed their appetite for artificial intelligence hardware.
The regional rally was anchored by a surge in the Kospi index, which helped offset earlier weakness across the continent and signaled a stabilization in sentiment after a volatile week.
The catalyst for the turnaround was strong financial results from Micron Technology, which bolstered confidence in the durability of AI-related demand.
Semiconductor stocks across the region benefited from the positive sentiment, with investors interpreting the US memory chip maker's performance as a green light for continued capital expenditure in the sector.
This followed sharp gains in Japanese and South Korean markets on Wednesday, driven by a similar resurgence in tech optimism.
While equities found support, regional currencies faced headwinds, weakening against the dollar as capital flowed into risk assets.