Asian Stocks Rack Up One of Biggest Weekly Gains Since 2024
Get caught up.
It’s been some week. Investors sent MSCI’s Asian stock gauge up 5.6%, the second-biggest gain since September 2024, as moves toward ending the conflict in the Middle East eased concern over energy prices and allowed attention to shift back to betting big on AI.
Standout markets were Korea’s Kospi, which jumped 14%, the most globally. Taiwan’s benchmark surged about 7%, while Japan’s Nikkei 225 came in third with a 5.8% gain. Among notable stock gainers were SK Hynix, up 30%, and Samsung, up 18%.