Asia Stocks Rally on AI Hopes
Asian shares advanced as artificial intelligence enthusiasm returned ahead of major technology earnings and a crucial Federal Reserve policy decision. Meanwhile, the US dollar remained steady near a two-week high against major currencies.
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Asia stocks rallied during Wednesday morning trade following a resurgence in AI enthusiasm, while the dollar held steady ahead of a crucial Federal Reserve policy decision. The broader market move comes as investors brace for heavy-weight tech earnings from United States markets. South Korea chipmaker SK HYNIX INC reported a seven-fold surge in quarterly operating profit, reinforcing the buoyant sector mood.
