Asian Markets Rise on AI Chip Demand

Business Standard Markets · stocks

Asian markets saw a modest increase on Monday, driven by strong demand for AI-driven chips that boosted technology stocks. Trading volumes were thin due to Japan's holiday, with investors cautious about potential Bank of Japan intervention in the currency market. South Korea's tech index gained 1.1%, while MSCI's Asia-Pacific shares outside Japan rose 0.3%. Futures in the US and Europe also indicated a positive opening.