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Asia markets catch Wall Street tailwinds; semiconductors drive the surge
Asia markets rally behind U.
Asian equities climbed early, tracking strong U.S. bank earnings and optimism around rate cuts. Japan’s Nikkei jumped ~1.2%, while Taiwan and Korea indexes hit fresh highs. Semiconductor and AI-adjacent names led, even though China and Hong Kong were mixed due to ongoing trade friction. Gold extended its rally on safe-haven demand amid global risk off cues. The dollar dipped, helping regional currencies, though investors remain cautious about policy shifts and external volatility.