Asian Markets Climb as AI Boom Lifts Tech and Semiconductor Shares

Asian markets advanced Monday as continued enthusiasm around artificial intelligence boosted semiconductor demand, offsetting concerns over stalled Gulf peace talks and rising oil prices, Rian Howlett reported for Yahoo Finance.

Asian markets rise as AI-driven semiconductor demand boosts regional stocks and Nvidia highlights growth at Computex in Taiwan. (臺灣證券交易所 Facebook) 

Regional markets remained supported by strong demand for semiconductors and AI-related technologies. Japan’s Nikkei rose 0.5% after climbing nearly 5% last week to record highs.

South Korea’s Kospi gained 1.3% after surging 8% the previous week, while Taiwan’s benchmark index also posted strong gains.

MSCI’s broadest Asia-Pacific index outside Japan added 0.2%.

Nvidia CEO Jensen Huang opened the Computex trade show in Taiwan on Monday, where he was expected to outline the company’s latest artificial intelligence initiatives and discuss Taiwan’s role in the global technology supply chain.