Veytics Intelligence
2026-10-21 · Yahoo

Asian stocks rally as tech firms enjoy bounce ahead of key earnings

Traders were cheered by earnings from SpaceX that topped expectations (JUSTIN SULLIVAN) Asian markets rallied Wednesday as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial reporting season. Seoul and Tokyo were the headliners again as chipmakers and other key players in the AI buildout boom chalked up healthy gains, following a torrid few weeks fuelled by concerns about profitability and debt financing. South Korea's SK hynix and Samsung both surged at least seven percent, while Kioxia, Advantest and SoftBank spiked between two and four percent in Japan -- having all been pummelled since the start of last week.

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