Asia Stocks Gain on AI Fervor and Trump-Xi Summit Focus
Asian equities reached record levels on Thursday as demand for artificial intelligence boosted tech giants like SK Hynix. Investors remain cautious as high-stakes trade talks begin between the U.S. and China amid rising global oil prices and persistent inflationary pressures.
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South Korea and Japan equities rose on Thursday as AI demand pushed SK HYNIX INC toward a $1 trillion market cap. The rally comes as United States President Donald Trump meets China President Xi Jinping in Beijing to discuss trade and geopolitical tensions. Investors are weighing AI-driven gains against persistent inflation risks and high-stakes diplomacy.
