FX.co ★ Asian Stocks Rally on Tech Boost

Asian equity markets rose on Tuesday, tracking overnight gains on Wall Street as technology shares rebounded from last week’s selloff amid improving sentiment toward the artificial intelligence sector. Tech stocks had faced heavy selling pressure last week after Democrats scored a sweeping victory in the US midterm elections, fueling concerns about tighter AI regulation and a potential slowdown in data center expansion. At the same time, oil prices fell after President Donald Trump expressed optimism that the conflict in Iran could be nearing an end following talks with Qatar’s prime minister, helping to ease worries about inflationary pressures. South Korea’s Kospi Index, a bellwether for AI-related market sentiment, jumped more than 5%, leading regional advances. Japan’s tech-heavy Nikkei 225 also climbed nearly 3%.