Singapore, 23 July 2026 – Asian equities advanced after major US technology companies reinforced plans for substantial artificial intelligence infrastructure spending, lifting regional semiconductor shares even as surging oil prices and renewed inflation concerns limited broader risk appetite.

South Korea led the regional gains, with the Kospi rising more than 3% as investors returned to leading semiconductor manufacturers. Stronger expectations for data-centre investment, cloud expansion and advanced computing demand supported shares linked to memory chips and other AI infrastructure components.

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Bernard Lee

Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.

Asian Stocks Rise as AI Spending Boosts Chipmakers While Oil Nears US$100

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