Emerging-market stocks extended their winning streak for a ninth consecutive day, marking their longest run in 13 months. The surge in optimism came on the heels of Nvidia’s positive outlook, fueling excitement among investors. Equities in Taiwan and South Korea also experienced gains, particularly in chip-related stocks, following Nvidia’s better-than-expected results. SK Hynix, a major memory chip maker, reached a record high amidst a wave of recent increases and the growing hype surrounding artificial intelligence.

Asia Tech Stocks Propel Emerging Markets

Asian bourses led the way as a gauge of emerging market stocks reached near seven-month highs. This surge in the stock market was mainly fueled by the positive earnings report from Nvidia, a U.S. chipmaker. The enthusiasm spread to chipmakers in South Korea as the Kospi index saw a slight rise. SK Hynix, in particular, witnessed a 5.03 percent surge, closing the day at an all-time high of 156,500 won. This significant jump in share price was propelled by the release of Nvidia’s robust financial performance, as SK Hynix is one of its major clients. Furthermore, the record high demonstrates the market’s growing confidence in SK Hynix’s potential in the AI sector.

Summary:

Emerging-market stocks experience a nine-day winning streak, the longest in 13 months

Taiwan and South Korea’s stock markets spike following Nvidia’s positive outlook

Shares of SK Hynix reach a record high amidst recent gains and the growing AI hype

Asian bourses lead the surge in emerging market stocks

Strong earnings report from Nvidia propels chipmakers in South Korea

Kospi index sees a slight rise

SK Hynix’s share price jumps by 5.03 percent

Growing confidence in SK Hynix’s potential in the AI sector

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Citations:
– Bloomberg: “Emerging-markets stocks advanced for a ninth straight day, their longest streak in 13 months”
– Bloomberg: “Equities in Taiwan and South Korea rose on Thursday as chip-related stocks jumped after U.S. chipmaker Nvidia’s outlook beat expectations”
– Investing.com: “Shares of SK Hynix Inc (KS:000660) briefly surged to a record high on Monday, extending a raft of recent gains amid growing AI hype”
– Bloomberg: “Stocks started a tad higher Thursday as chipmakers traded in positive territory on a strong earnings report from Nvidia overnight”
– Bloomberg: “SK hynix shares closed at an all-time high of 156,500 won ($118) on Thursday, a 5.03 percent jump, as its major client Nvidia announced”
– Bloomberg: “A gauge of emerging market stocks touched near seven-month highs on Thursday, with Asian bourses leading the charge following stellar earnings from chipmakers”