The rebound spread across North Asia, with chipmakers and AI-linked technology shares leading gains after last week’s sharp sector-wide selloff

Asian stocks rallied on Wednesday as investors piled back into technology shares after easing oil prices and strong earnings revived confidence in the artificial intelligence trade.

The rebound spread across North Asia, with chipmakers and AI-linked technology shares leading gains after last week’s sharp sector-wide selloff.

Nikkei 225 climbed nearly 3%, while the broader TOPIX added around 3%. Murata Manufacturing soared more than 8%, LARGAN Precision added over 7%, Kioxia jumped almost 5%, and TDK Corp gained nearly 4%.

KOSPI rallied more than 3%, extending a sharp rebound from Monday’s selloff. SK Hynix climbed over 6%, while Samsung Electronics added around 4%.

Chinese equities also rebounded, with the Shanghai Shenzhen CSI 300 advancing nearly 2% and the Shanghai Composite rising almost 1%.

Foxconn Industrial Internet soared around 9%, NAURA Technology climbed more than 7%, while Cambricon Technologies and BOE Technology each added over 5%.

Hong Kong shares also gained, with the Hang Seng increasing almost 1.6%. Alibaba jumped nearly 2% after unveiling its latest Qwen3.8-Max artificial intelligence model earlier this week, while Tencent and Baidu gained about 1%.

S&P/ASX 200 jumped to another record high, trading around 9,166 points as of 0340 GMT after earlier reaching a new all-time high above 9,200. The benchmark extended Tuesday’s 1.4% rally, with miners and financial stocks again providing the biggest support.

More broadly, the ASX200 has received support from new money coming into the market at the start of the new financial year, while the index has also attracted inflows as a lower-beta safe-haven destination to ride out the ongoing volatility in high-beta, tech-heavy markets in Asia, IG market analyst Tony Sycamore said.

The advance came despite weakness in energy producers as crude prices extended losses on optimism that Tehran and Washington are nearing an interim agreement to reopen the Strait of Hormuz.

The Reserve Bank of India’s policy decision is due later on Wednesday. Nifty 50 traded flat ahead of the announcement, with markets widely expecting the central bank to leave interest rates unchanged.

FTSE Straits Times Singapore advanced nearly 0.5%.