Asian Stocks Split as Tech Sector Rallies on OpenAI AI Boost

The tech sector rallied on Monday in Asia, despite mixed performances from other stocks. The gains were led by chipmakers in Seoul and Tokyo.

This comes after a forecast-busting reading on US jobs last Friday, which increased bets that the Federal Reserve will tighten monetary policy on September 16.

The release of OpenAI's newest artificial intelligence model, GPT-6 or Astra, has boosted investors' confidence in the sector. The firm claims it has built in safeguards to mitigate security risks.

South Korea's Samsung and SK hynix soared four and six percent respectively, while Kioxia, Tokyo Electron, and Advantest rallied between five and 7.5 percent in Japan.