Stock markets across Asia advanced on Monday as investor sentiment was buoyed by persistent enthusiasm surrounding artificial intelligence, following a record-breaking close for the Nasdaq in the United States.
The rally in US technology shares, driven largely by gains in the artificial intelligence sector, spilled over into Asian trading sessions, lifting major indices throughout the region.
Market participants interpreted the strong performance on Wall Street as a signal that the tech-driven momentum shows no signs of abating, prompting renewed buying interest in Asian equities with significant technology exposure.
Is this just a bubble waiting to burst? Seems like we are priced for perfection based on hype alone.
The AI momentum really is unstoppable right now. Great to see the benefits spreading globally.