GlobalX Asia Semiconductor ETF (03119) rose nearly 3%, climbing 2.64% to HK$134.05 by the time of writing, with a trading volume of HK$8.48 million. Market sentiment improved as signs of renewed negotiations between Iran and the United States brought artificial intelligence (AI)-related stocks back into the spotlight. This helped push South Korea's stock market to a record high and also lifted Taiwan's market upward. As of April 21, the Korea Composite Stock Price Index (KOSPI) closed up 2.71%, reaching an all-time high. The tech-heavy index has now fully recovered losses incurred earlier due to Middle East tensions. Additionally, industry analysts noted that semiconductor momentum continued, supported by record highs in U.S. chip stocks, leading to broad strength across the Asia-Pacific technology sector on Tuesday. According to Anna Wu, cross-asset strategist at Van Eck Associates Corp., as market focus shifts from geopolitical news to corporate earnings and AI demand, technology themes are regaining attention, driving gains in South Korean equities as investors rebuild confidence to chase the rally.