Asia stocks rally as SK Hynix earnings boost AI trade; Fed decision ahead

Investing.com-- Asian stocks rallied on Wednesday, led by South Korean shares after chipmaker SK Hynix reported a sharp increase in quarterly profit, bolstering optimism over artificial intelligence demand. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Investors' focus was also on the U.S. Federal Reserve's interest rate decision later in the day and earnings from major technology companies. The gains followed an advance on Wall Street overnight, where technology shares led the market higher. U.S. stock index futures were mixed in Asian trading Wednesday by 03:02 GMT, with tech-heavy Nasdaq futures leading gains. S.