Asian stocks reach record high driven by AI

Asian stocks rose significantly, buoyed by developments in artificial intelligence. The launch of an AI-powered chatbot by Meta boosted optimism about growth in the tech sector, supported by strong demand for chips and advancements in the field. Major companies such as Samsung, SK Hynix, Alibaba, and Tencent benefited from this positive momentum. The MSCI Asia Index increased by 1%, heading toward its fifth consecutive gain. Additionally, U.S. chip markets experienced gains during Monday’s trading session amid improved investor sentiment. The Japanese yen reached its highest level in six months, while Bitcoin declined by 1.5% after a more than 7% jump on Monday, reflecting increased appetite for high-risk assets.

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