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Asian Stocks Surge with Technology Sector Leading Gains

New york: Asian stock indices rose on Thursday, driven by strong gains in technology stocks, helping markets overcome growing uncertainty surrounding the direction of US interest rates. Stocks in Australia reached a new record high, supported by mining and banking stocks, while South Korean markets continued their climb to historic peaks thanks to gains in chipmakers, led by Samsung, according to the Oman News Agency.

According to Yemen News Agency, the positive performance of regional markets mirrored gains on Wall Street, as investors largely ignored hawkish signals from the Federal Reserve and seized opportunities in technology stocks. Futures for the S and P 500 index were unchanged.

South Korea's Kospi index was the best performer in Asia, rising by nearly 3% to a record high of 5,673.11 points.