Tech leads Asian stock rally as traders track Wall St rebound

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Chip titans SK hynix and Samsung were the standout performers as Seoul led gains across Asian stock markets (GREG BAKER) Asian stocks rallied Tuesday to extend a Wall Street surge led by technology firms as investors took advantage of lower prices following last week's rout, while another plunge in oil prices added to the upbeat mood. AI-linked firms led gains across the region, in stark contrast to the battering in reaction to last Tuesday's Democratic sweep of Congress that stoked regulatory concerns. However, traders remain on edge about profitability in light of the vast sums pumped into the sector, while they were also keeping tabs on Nvidia after boss Jensen Huang's admission of an affair amid speculation of a Chinese espionage plot.