#AmericaAIActionPlan Most Asian stocks rose on Thursday, with Japanese markets near record highs on sustained optimism over a U.S. trade deal, while technology shares were buoyed by strong earnings from Google owner Alphabet Inc (NASDAQ:GOOGL).
Strong earnings from Nvidia (NASDAQ:NVDA) supplier SK Hynix Inc (KS:000660) also boosted Asian tech, especially as the memory chip giant flagged expectations for robust artificial intelligence-fueled demand.
Regional markets took positive cues from a record-high overnight close on Wall Street, as investors cheered a Japan-U.S. trade deal and held out hope for more such agreements before an August 1 deadline.
In addition to Alphabet’s earnings, tech shares were also encouraged by President Donald Trump flagging more policy support for the AI industry. This helped markets look past steep losses in Tesla (NASDAQ:TSLA), after it clocked an underwhelming second quarter.
