Asian stocks: Market trades in green on US rate cut hopes, chip deals; Kospi jumps 3%, Nikkei over 350 points

Oct 2, 2025 - 12:30
Asian stocks: Market trades in green on US rate cut hopes, chip deals; Kospi jumps 3%, Nikkei over 350 points

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Asian stocks surged, fueled by US rate cut hopes and a major deal between South Korean chip giants Samsung and SK Hynix with OpenAI for its Stargate project. This partnership propelled South Korean tech firms and the KOSPI index to record highs, with OpenAI's Sam Altman praising the country's industrial base for AI development.

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