SK Hynix joins trillion-dollar club as AI fires up East Asian stocks

Strong AI capex lifts Korea, Taiwan and Japan; profit taking may create blips

South Korea has become the second country which has more than one "$1 trillion" company following the U.S. (File photo by Yuki Nakao)

TOKYO -- Receding concerns over the Iran war and the AI capital spending boom have turbocharged East Asian stock markets, with those in South Korea, Taiwan and Japan repeatedly reaching record highs as shares in tech giants like SK Hynix take off.