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The Economic Times
The Economic Times
Business

Global Market Today: Asian stocks climb to record on tech, oil drops

Asia Oil SK Hynix United States Iran Micron South Korea

Asian stocks climbed to a record, driven by renewed momentum in technology shares and easing geopolitical tensions. Oil slipped while the dollar weakened.

MSCI’s Asian equities gauge rose 1.1% to an all-time high, with South Korea — a bellwether for AI investments — jumping as much as 5% to a peak. Chipmaker SK Hynix Inc. surged as much as 11% to top $1 trillion in market capitalization.

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