Asian stocks hit records as AI trade powers through 66,000
Japan's Nikkei crossed 66,000 intraday for the first time while South Korea's Kospi hit an all-time high of 8,457, driven by semiconductor and AI infrastructure momentum. Samsung Electronics jumped 7 percent as investors pile into Asia's AI supply chain ahead of US earnings season, with market data showing the MSCI Asia-Pacific index up 7 percent for the week. Taiwan's Taiex surged 2.7 percent on chip demand while oil retreated on Middle East peace hopes, creating a perfect backdrop for tech-heavy Asian markets. The rally positions Asian equities as the primary beneficiary of AI capex, even as mainland China lags behind the regional surge.
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