Asian technology stocks rebounded Tuesday, tracking Wall Street’s gains, as investors returned to artificial intelligence-linked names.
In Japan, the Nikkei 225 regained 1,392.03 points, or 2.2%, to close Tuesday at 65,416.63.
Japanese semiconductor equipment makers also advanced, with Tokyo Electron rising 5.65%, Advantest adding 1.51%, and Renesas Electronics gaining 2.54%.
However, shares of Japanese tech investment giant SoftBank extended their slide, dropping 2%.
South Korean memory chip giant SK Hynix climbed 6.44%, while Samsung Electronics gained 3.38%. Seoul Semiconductor jumped over 12%.
In Hong Kong, the Hang Seng dropped 91.16 points, or 0.4%, to 24,565.90.
CHINA
In Shanghai, the CSI 300 index recovered 88.17 points, or 1.8%, to 4,801.81.
China’s trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war, with U.S.-bound shipment logging the strongest jump in five years.
Overall exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.
In other markets;
In Taiwan, the Taiex revived 1,201.66 points, or 2.8%, to 44,704.44.
In Korea, the Kospi index surged 612.52 points, or 8.2%, to 8,096.93.
In Singapore, the Straits Times 50 index rebounded 59.58 points, or 1.2%, to 5,023.25.
In New Zealand, the NZX 50 resurfaced 165.84 points, or 1.3%, to 13,204.08.
In Australia, the ASX returned from a long weekend to slide 20.96 points, or 0.2%, to 8,604.17.
