FX.co ★ Asian Tech Stocks Rebound

Technology-focused indexes in Japan and South Korea rose on Thursday as the recent selloff in semiconductor stocks showed signs of stabilizing, and investors responded positively to the Federal Reserve’s decision to keep interest rates unchanged. Samsung Electronics jumped nearly 7% after reporting a profit that was more than 250 times higher than a year earlier, driven by surging demand for artificial intelligence-related memory chips. SK Hynix also recovered from earlier losses to trade more than 2% higher. In contrast, Chinese equities remained under pressure as investors awaited the outcome of the Politburo meeting in Beijing, where policymakers are widely expected to avoid announcing large new stimulus initiatives and instead emphasize the implementation of existing fiscal measures to support the slowing economy.