Asian equities posted historic single-day gains on Friday, extending a global rally fueled by strong US tech earnings. South Korea's KOSPI surged 17.91 percent to close at 6,595.45 points, marking its largest daily advance on record, as Seoul announced plans to inject nearly $14 billion into its sovereign wealth fund for artificial intelligence and data-center investments. Samsung Electronics climbed 26.81 percent and SK Hynix rose 29.95 percent, while SK Group Chairman Chey Tae-yun purchased approximately $3 million in company shares, his first personal acquisition.
Taiwan's weighted index jumped 3,186.45 points to 43,119.75, a record closing gain, led by Taiwan Semiconductor Manufacturing Company hitting its daily limit. Japan's Nikkei advanced 4.03 percent.
Wall Street closed the week and month higher Friday, with the S&P 500 adding 0.7 percent after Microsoft and Amazon posted 15 percent gains on robust earnings. Apple declined roughly 7 percent on weak China and Services revenue. Four hyperscalers projected $720 billion to $745 billion in combined 2026 capital spending. The 10-year Treasury yield reached 4.73 percent, its highest since January 2025.