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Asian markets rally on AI surge and Wall Street momentum despite mixed regional data

businessinsider
Jul 31, 2026 at 06:46 AM

Asian markets rallied on Friday, driven by Wall Street gains and a global surge in AI and semiconductor stocks. South Korea's KOSPI soared over 15%, while Japan's NKY rose 4.15% following the Bank of Japan's rate hold. China's indices gained, led by tech rebounds, despite mixed economic data. Commodity prices saw crude oil dip below $82 and gold trade near $4,100. Most regional currencies strengthened against the dollar.

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