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Asian stocks advance led by tech after global rally
Asian equities gained strongly on tech momentum and oil supply cues, while demand-data remains in focus.
Asian equity markets climbed sharply with South Korea’s Kospi jumping nearly 2.8% as tech names like Samsung Electronics and SK Hynix rallied. The move followed strong earnings from U.S. tech giants and a broadly positive risk-on tone after a week of gains in the U.S. Meanwhile, oil prices pushed higher as OPEC+ signalled a pause in early-2026 production hikes, reinforcing a supply-cap narrative. Investors now watch upcoming China PMI data for signs of underlying global demand stability.