Asian Stock Markets Surge Amid Strong U.S. Tech Earnings and Trump's Hormuz Pledge

Asian stock markets experienced significant gains on Monday, driven by robust U.S. tech earnings and U.S. President Donald Trump's pledge to escort ships through the Strait of Hormuz. According to NS3.AI, the MSCI Asia-Pacific Index, excluding Japan, rose by 2.7% to reach a record high. South Korea and Taiwan's tech-heavy benchmarks each increased by over 3.5%, with SK Hynix seeing a nearly 10% rise and TSMC climbing more than 6%. Dilin Wu, a research strategist at Pepperstone Group, expressed cautious optimism regarding Asian markets, noting that geopolitical uncertainty and elevated oil prices could potentially limit further gains.