Asian equity markets rallied sharply on Thursday, posting their strongest single-day gain in nearly four months.
The MSCI Asia Pacific Index climbed as investors aggressively rotated into chipmakers, driven by renewed confidence in the durability of artificial intelligence demand.
The move marks a significant shift in sentiment, reversing recent caution that had weighed on the technology sector across the region.
The rally was spearheaded by South Korea’s Kospi, which led regional gains.
The surge followed blockbuster earnings reports and optimistic forward guidance from major US semiconductor firms, including Micron Technology and Qualcomm.
These results provided tangible evidence that AI infrastructure spending remains robust, helping to dispel growing investor anxiety that the sector’s growth cycle might be peaking prematurely.