Asian Tech Stocks Surge as Oil Prices Rise and Fed Hike Expectations Increase

The Asian tech sector has experienced a significant surge in recent days, driven by a combination of factors.

Nikkei 225 rose about 2.2% and South Korea's Kospi gained 3.1%, while MSCI's Asia-Pacific index outside Japan also advanced.

The rally was fueled by stronger-than-expected U.S. jobs data, which supported the global growth outlook but increased expectations that the Federal Reserve could keep interest rates higher.

The move was concentrated in technology stocks, with chipmakers driving Tokyo and Seoul's rebound.

Japanese chip-related shares advanced as investors continued to price in demand for artificial-intelligence infrastructure.