Record Stock Rally Extends, OpenAI Lifts Asia Tech: Markets Wrap

A record-breaking global stock rally stretched into Asia, with equities advancing after OpenAI’s agreement with South Korean chipmakers reinforced enthusiasm for artificial intelligence.

The MSCI Asia Pacific Indexrose 1%, trading above a record close reached last month, with chip-related technology stocks leading the charge. Samsung Electronics Co. advanced 4.5% and SK Hynix Inc. jumped 11% after signing an agreement with OpenAI’s Stargate project, sending South Korean shares to an all-time high. The moves came after peaks for the S&P 500, Nasdaq 100 and MSCI’s gauge of global stocks. Equity-index futures for the US and Europe indicated further gains. ...