SEOUL, November 25 (AJP) - Asian markets climbed Tuesday on another AI-driven rally from the United States — this time powered by Google’s late-cycle breakthrough with Gemini — lifting semiconductor shares across the region.
The benchmark KOSPI was up 1.2 percent at 3,892 as of 10:30 a.m., tracking overnight rebounds in the Nasdaq and the Philadelphia Semiconductor Index. Gains were capped ahead of the Bank of Korea’s Monetary Policy Board meeting on Thursday.
Foreign investors led the rise with 30.3 billion won (20.5 million dollars) in net purchases, followed by institutions with 14.8 billion won. Retail investors sold 26.1 billion won to lock in profits. The KOSDAQ added 0.76 percent to 863.
The U.S. dollar eased to 1,473.1 won, down 2.1 won from the previous close, after fiscal and monetary authorities formed an FX stabilization team with the National Pension Service, one of the world’s largest institutional investors and a major holder of U.S. assets.
Samsung Electronics climbed 2.8 percent to 99,400 won, and SK hynix gained 2.1 percent to 531,000 won. The Philadelphia Semiconductor Index jumped 4.6 percent, lifting Nvidia partners globally, though the upside was limited as Gemini 3.0 relies on Google’s own inference chips, reducing immediate spillover demand for external suppliers.
The construction sector surged on renewed expectations of a Ukraine ceasefire and post-war rebuilding. Hyundai Engineering & Construction rose 2.85 percent to 61,400 won, and Samsung C&T advanced 3.44 percent to 225,500 won. The sector gained momentum as the U.N. and World Bank estimate more than 524 billion dollars will be needed for Ukraine’s reconstruction over the next decade.
Construction equipment stocks retreated after Monday’s sharp gains. HD Hyundai Construction Equipment fell 2.1 percent to 93,500 won.
Defense stocks weakened on cooling geopolitical momentum. Hanwha Systems declined 1.37 percent to 46,750 won, and LIG Nex1 slipped 1.52 percent to 388,000 won. Hyundai Rotem, however, rose 0.9 percent to 176,500 won on expectations of potential demand for railway vehicles in Ukraine’s rebuilding phase.
Japan’s Nikkei 225 climbed 0.8 percent to 49,021.5, boosted again by semiconductor-related shares. Advantest rose 5.73 percent to 19,365 yen, Ibiden added 2.5 percent to 11,610 yen, and Tokyo Electron gained 3.2 percent to 31,130 yen.
Taiwan’s TAIEX rose 1.54 percent to 26,913. TSMC climbed 2.9 percent to 1,415 Taiwan dollars, MediaTek gained 2.61 percent to 1,180 Taiwan dollars, and Hon Hai Precision Industry rose 1.6 percent to 225 Taiwan dollars.
Greater China markets also advanced, led by technology shares. The SZSE Composite Index rose 1.2 percent to 12,732, lifted by electric vehicle–related stocks including CATL, which gained 1 percent to 374.5 yuan.
Hong Kong’s Hang Seng Index gained 0.9 percent to 25,952. Xiaomi climbed 3.52 percent to 40 Hong Kong dollars, and Alibaba Group Holding added 3.4 percent to 160 Hong Kong dollars.
The Shanghai Composite Index edged up 0.46 percent to 3,854, a milder rise than its regional peers.
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