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AI Boosts Asian Markets Amid Yen Pressure | San Antonio News
Asian markets rebounded today as tech stocks rallied, fueled by strong chipmaker performances and a major $500 billion joint investment by South Korea’s Samsung and SK Hynix to boost AI and semiconductor capabilities. Japan’s Nikkei and South Korea’s Kospi climbed, while the yen hit 40-year lows against the dollar, prompting Japan’s finance minister to hint at possible intervention. Meanwhile, China’s manufacturing sector showed unexpected growth in June, driven by AI-linked demand and exports. Oil prices dipped slightly as global traders watched Iran negotiations, hoping for de-escalation to…
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