HONG KONG, Oct 28 — Technology firms surged across Asia on Wednesday after blockbuster earnings from chip giant SK hynix helped boost optimism in the AI trade ahead of results from Wall Street titans Microsoft and Alphabet.
Oil prices rose as investors kept tabs on Israel’s election results, which could determine the future of Prime Minister Benjamin Netanyahu’s war against Iran.
After a slight wobble this month in the tech realm caused by fresh worries about huge investment spending, profitability and company finances, AI-linked firms were back on the front foot.
SK hynix, which has been at the forefront of the chip boom, said Wednesday that third-quarter operating profit soared 632 per cent to US$62.8 billion (RM256.40 billion) thanks to explosive demand for its advanced semiconductors.
