Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, boosted by markets in Japan, South Korea and Taiwan amid the rebound in technology or semiconductor stocks as major global firms reinforced aggressive AI investment plans renewed optimism over AI spending after major US tech firms reinforced their aggressive investment plans. Asian markets ended mostly lower on Thursday.

The ongoing talks between Iran and Oman over the Strait of Hormuz management also induced positivity on the resumption of the free flow of gulf crude oil.