Asian stocks surge as TSMC boosts tech; Nikkei at record high

Investing.com-- Asian stocks rose on Thursday as technology stocks rallied after positive revenue figures from chipmaking giant TSMC sparked more optimism over artificial intelligence, with Japanese stocks crossing new peaks.surged to record highs as comments from Fed Chair Jerome Powell brewed optimism over a soft landing for the U.S. economy, and that interest rates will eventually fall this year.

Chinese stocks were battered by a slew of middling economic readings, which ramped up concerns over a sluggish economic recovery in the country. Focus is now onindex pointed to a positive open, with the index set to rebound from losses clocked in the prior session. The Nifty hit a series of record highs through June and early-July, and was hit with some profit-taking in recent sessions.

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