Asian stocks rise as AI hype boosts tech sector

Most Asian stocks rose on Monday, with Japanese shares leading gains as hype over AI drove investors into tech, while Chinese markets continued to decline amid persistent fears of a slowing economic recovery.

Regional stocks took a positive lead-in from Wall Street, after U.S. stock benchmarks notched record highs on Friday amid stellar gains in the tech sector. Buying into tech was fueled largely by hopes that increasing demand for artificial intelligence development will spur renewed interest in the sector.

Japanese stocks were the biggest beneficiaries of this notion, with the Nikkei 225 surging 1.2% to a new 34-year high, while the broader TOPIX added 0.7% and also traded at its highest level since 1990.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

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