Asian Stocks Rally as New Zealand Dollar Drops on Rates

Asian shares advanced on Wednesday driven by renewed artificial intelligence enthusiasm ahead of major US earnings. Meanwhile, the New Zealand dollar tumbled after the central bank unexpectedly kept interest rates steady.

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A woman walks past an electronic screen displaying stock quotation board in Tokyo, Japan April 15, 2025. REUTERS/Issei Kato

Asia stocks rallied during Wednesday morning trade as artificial intelligence enthusiasm lifted sentiment ahead of major earnings, while New Zealand's currency tumbled after an unexpected rate hold. South Korea's Kospi surged 6% following strong corporate results from SK HYNIX INC.