Singapore, 31 July 2026 – Asian equities staged a forceful rebound as technology shares recovered and a sudden strengthening of the yen sharpened speculation that Japanese authorities had intervened in the currency market. The combined moves produced an unusual mix of risk appetite and policy uncertainty, forcing investors to reassess both the AI trade and the consequences of official action in foreign exchange.

South Korea led the advance, with its benchmark index rising by double digits as Samsung Electronics and SK Hynix rebounded sharply from a bruising technology sell-off. Japan’s market also climbed, supported by gains in large technology and semiconductor-equipment names. The rally followed stronger confidence in global AI earnings, which encouraged traders to rebuild positions that had been cut during several volatile sessions.