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Asian stocks rise after a rally on Wall Street, while oil prices edge higher

The Independent·Elaine Lai·1 day ago
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Asian shares were mostly higher Wednesday after AI stocks drove gains on Wall Street .

U.S. futures edged lower and oil prices rose.

In early trading, South Korea’s Kospi was up 5.6% at 5,952.41.

Memory chipmaker SK Hynix jumped 7% to its highest level in two weeks after it reported a record-high operating profit of 83.3 trillion won ($62.8 billion) for the last quarter, up nearly seven-fold from a year earlier and beating market estimates.

Samsung Electronics surged 8.5%. It is set to report its third-quarter earnings Thursday.

Japan’s benchmark Nikkei 225 rallied 1.3% to 64,094.51.…

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