The stock market roared back this week, led by a stunning 18% surge in South Korea’s Kospi, fueled by AI-driven gains. Samsung and SK Hynix soared 28% and 30% respectively, riding Microsoft’s blockbuster earnings that signaled AI investments are finally paying off — Microsoft’s stock jumped 15.5%, its best day in nearly 18 years. Global markets followed suit: Europe, Japan, and Taiwan all rallied, with TSMC’s 10% leap powering Taiwan’s 8% gain. Meanwhile, the dollar rebounded against the yen — likely aided by coordinated intervention — while oil prices climbed amid geopolitical tensions and central banks held rates steady.
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