South Korea's Kospi index has reached a record high, propelled by a sustained surge in artificial intelligence equities.
The benchmark is experiencing extreme volatility, with daily swings reaching 10% as investors pile into tech names.
This rally marks a significant shift in geographic focus for global AI capital, moving beyond traditional US-centric hubs to Asian markets.
Wall Street investment banks are reporting record-breaking revenue streams driven by the intense trading activity in these Asian AI companies.
The volume and velocity of the trade suggest that institutional money is aggressively repositioning into the region's technology sector, viewing it as a primary beneficiary of the ongoing AI infrastructure build-out.
In energy markets, BP has announced it is putting its North Sea oil business up for sale.