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International Business Times

Business

Asian Markets Surge On US Rate Hopes, Tech Fired By Chip Deal

United States Asia OpenAI Samsung SK Hynix

Seoul-listed Samsung and SK hynix led a surge in tech firms after they signed a chip deal with US giant OpenAI (Credit: AFP)

Asian equities jumped Thursday after data showing job losses in the US private sector fanned optimism for more interest rate cuts and overshadowed a partial shutdown of the country's government.

Tech firms led the way higher as a deal between South Korea's biggest chip firms and OpenAI added fuel to the AI-led rally that has helped push markets to record highs.

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