0623 GMT - Hopes for Chinese stimulus and Fed rate cuts are lifting indexes in Asia, adding fuel to a tech-led rally. Soft economic data out of China is being read as a cue for policy support, says Swissquote Bank's Ipek Ozkardeskaya. "Combined with AI enthusiasm, this is keeping Chinese equities in demand." The CSI 300 is up about 19% year to date, while Hong Kong's Hang Seng is at around four-year highs. Tech names like Alibaba keep rallying, with Tencent close to 2021 peaks, she adds. South Korea's Kospi hit a new record too, as chipmaker SK Hynix scaled another peak. "The AI-backed rally in Asian tech looks to have more room to run, with valuations still well below U.S. peers," she says, tipping tech ETFs as an attractive way to diversify from U.S. names. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

September 15, 2025 02:23 ET (06:23 GMT)

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