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00:02Asian technology stocks rallied Wednesday after a strong overnight session on Wall Street lifted
00:07investor sentiment, according to CNBC. Soft bank groups surged more than 10%,
00:13while Tokyo Electron, Advantist, and Keoxia also posted gains.
00:19In South Korea, SK Hynix, Samsung Electronics, and Seoul Semiconductor
00:24advanced as semiconductor stocks rebounded.
00:27South Korean technology stocks have swung sharply between steep losses and record gains
00:31in recent sessions.
00:34Ordus Advisors strategist Andrew Jackson said the rally in U.S. chip stocks reinforced the
00:38bullish outlook for Asian artificial intelligence companies.
00:41He also said SoftBank could extend gains after arm holdings climbed on optimism
00:46over higher AI-related data center royalties and CPU development plans.
00:50The rally followed record highs for the S&P 500 and Dow, supported by strong corporate earnings
00:56and lower oil prices as hopes grew for a reopening of the Strait of Hormuz.
01:01For all things money, visit Benzinga.com.
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