Global equity markets posted gains on Thursday, buoyed by a resurgence of investor confidence in the artificial intelligence sector.
The rally was primarily driven by robust financial results from key US semiconductor manufacturers, which helped lift sentiment across broader indices.
The positive momentum in the technology sector provided a tailwind for global stocks, with the semiconductor group leading the advance.
Investors appeared to be rewarding companies that delivered strong earnings, signaling continued demand for AI-related infrastructure and chips.
Despite the equity rally, the US dollar remained steady, hovering near a one-year high.
Currency markets reflected a cautious stance among investors, who remained wary of stretched valuations in equity markets even as corporate results provided a temporary boost to risk appetite.