The Asian stock market is higher and is expected to close for the fourth consecutive trading day. Ahead of the impending monetary policy decision, the market lacked drivers other than artificial intelligence, and the technology sector led the market. The MSCI Asia Pacific Index rose as high as 0.6%, and chip makers SK Hynix, Samsung, and TSMC became the main driving forces. The Korea Composite Index rose more than 2%. Stock markets in Hong Kong, China, Singapore, India and Australia declined. Japan's TSE index fell, and the yen strengthened sharply against the US dollar, putting downward pressure on exporting companies. Josh Gilbert, chief analyst at eToro Asia Pacific, said, “Chip stocks are taking the lead. After the impressive earnings report for the previous quarter, the relevant demand signals are still positive. Other than that, most segments of the market remain on the sidelines.”

The Asian stock market is higher and is expected to close for the fourth consecutive trading day. Ahead of the impending monetary policy decision, the market lacked drivers other than artificial intelligence, and the technology sector led the market. The MSCI Asia Pacific Index rose as high as 0.6%, and chip makers SK Hynix, Samsung, and TSMC became the main driving forces. The Korea Composite Index rose more than 2%. Stock markets in Hong Kong, China, Singapore, India and Australia declined. Japan's TSE index fell, and the yen strengthened sharply against the US dollar, putting downward pressure on exporting companies. Josh Gilbert, chief analyst at eToro Asia Pacific, said, “Chip stocks are taking the lead. After the impressive earnings report for the previous quarter, the relevant demand signals are still positive. Other than that, most segments of the market remain on the sidelines.”