Asian Equities Surge as Alphabet's AI Capex Bet Pays Off in Seoul and Tokyo
Asian equity markets kicked off Thursday with conviction. South Korea's KOSPI surged more than 3%, led by SK Hynix and Samsung Electronics, after Alphabet raised its full-year capital expenditure guidance to a range of $195 to $205 billion. Japan's Nikkei 225 added 0.7%. For months the debate over AI spending has centered on whether hardware demand would hold or prove a one-cycle event. Wednesday's guidance update offered a clear, if partial, answer. Key Takeaways South Korea's KOSPI surged more than 3% on July 23, led by SK Hynix and Samsung Electronics, after Alphabet raised full-year capex guidance to $195-205 billion. Japan's Nikkei 225 gained 0.7%, with AI-related semiconductor names dr…
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