[MARKET UPDATE] Asia-Pac stocks follow suit to the gains on Wall St, where the Nasdaq outperformed as tech stocks continued to shrug off recent AI-related concerns, while participants digest SK Hynix earnings and await the looming central bank decisions

Asia-Pac stocks follow suit to the gains on Wall St, where the Nasdaq outperformed as tech stocks continued to shrug off recent AI-related concerns, while participants digest SK Hynix earnings and await the looming central bank decisions.

Overnight follow-through from Wall Street into Asia-Pac sessions is a well-worn pattern, and the composition matters more than the direction: Nasdaq leadership driven by megacap tech has historically been the variant most prone to sharp two-way moves when positioning is crowded in the AI complex, since the same names carry the index on the way down as on the way up. SK Hynix results sit at the useful end of that chain, given the firm's high-bandwidth memory exposure makes its numbers a read-through on AI capex demand rather than merely a single-stock event, and prior episodes show the memory names moving the Korean and Taiwanese tech tape together. The looming central bank decisions frame the session as one where regional equities drift on the overnight lead while rates markets mark time; pre-decision sessions of this kind have tended to be range-bound in the affected currencies and yields, with the risk that the equity bid fades into the policy window rather than extending through it. Worth noting is that tech shrugging off AI-related concerns has been a recurring cycle: scepticism resets valuations, then earnings and capex guidance re-anchor the narrative. The follow-ons are the policy decisions themselves and whether the memory-earnings read-through holds across the wider semiconductor complex.