Global Stocks Surge as Earnings Fuel Rally

The global stock market rallied on Wednesday after Wall Street hit fresh records on strong corporate earnings. Shares in Europe and Asia advanced, led by tech and AI-related companies.

In Tokyo, Japan's Nikkei 225 surged 3.7% to 66,300.44, driven by chipmaker Kioxia's 4.2% gain and Advantest's 8.8% jump. The Kospi in Seoul shot up 3.8% to 6,598.26, with memory chipmaker SK Hynix leading the way at 5.8%. Tech giant Samsung Electronics advanced 2.5%, while Taiwan's Taiex gained 2.9% as major chipmaker TSMC rose 3.7%.

Brent crude oil prices reversed early losses, gaining 1.4% to $80.45 per barrel. U.S. benchmark crude picked up 0.7% to $76.29 per barrel.