{"id":63701,"date":"2026-06-24T20:08:14","date_gmt":"2026-06-25T00:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/asia-pac-markets-rebound-as-microns-record-earnings-ignite-tech-rally\/63701\/"},"modified":"2026-06-24T20:08:14","modified_gmt":"2026-06-25T00:08:14","slug":"asia-pac-markets-rebound-as-microns-record-earnings-ignite-tech-rally","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/asia-pac-markets-rebound-as-microns-record-earnings-ignite-tech-rally\/63701\/","title":{"rendered":"Asia-Pac Markets Rebound as Micron\u2019s Record Earnings Ignite Tech Rally"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Micron Technology (<a href=\"\/stock\/MU\">MU<\/a>) triggered a massive regional tech rally<\/strong> after reporting record fiscal Q3 revenue of <strong>$41.5 billion<\/strong> and gross margins of <strong>84.9%<\/strong>, crushing Wall Street estimates.<\/li>\n<li><strong>South Korea\u2019s KOSPI led regional gains<\/strong>, surging as much as <strong>5.5%<\/strong> in early trading, a dramatic reversal from the previous session&#39;s &quot;Black Tuesday&quot; sell-off.<\/li>\n<li><strong>Japan\u2019s Nikkei 225 jumped 2.0%<\/strong>, supported by a <strong>2.66% surge in futures<\/strong> and positive capital flow data showing foreign investors returned to Japanese equities with <strong>\u00a5479.4 billion<\/strong> in net purchases.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Oil prices<\/a> plunged to four-month lows<\/strong>, with Brent crude falling over <strong>4%<\/strong> toward <strong>$73 per barrel<\/strong> as a U.S.-Iran ceasefire framework significantly eased Middle East supply concerns.<\/li>\n<li><strong>SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>) is reportedly planning a major expansion<\/strong> of its NAND fabrication facilities in Cheongju to address persistent memory shortages.<\/li>\n<\/ul>\n<p>The Asia-Pacific equity markets opened with a strong positive bias on Thursday, June 25, 2026, as the semiconductor sector found its footing following a period of intense volatility. The primary catalyst was an exceptional earnings report from Micron Technology (<a href=\"\/stock\/MU\">MU<\/a>), which served as a critical &quot;stress test&quot; for the global artificial intelligence (AI) trade. Micron\u2019s results, featuring an adjusted EPS of <strong>$25.11<\/strong> against a <strong>$20.78<\/strong> consensus, signaled that demand for AI-related memory infrastructure remains robust despite recent market skepticism.<\/p>\n<p>In Seoul, the KOSPI index staged a powerful recovery, gaining <strong>2.9%<\/strong> in the main session while KOSPI 200 futures soared over <strong>5.5%<\/strong>. This rebound follows a harrowing <strong>10%<\/strong> plunge on Tuesday that had triggered market-wide circuit breakers. Sentiment was further bolstered by reports that SK Hynix (<a href=\"\/stock\/000660\">000660<\/a>) is contemplating an amplified investment in its <strong>Cheongju NAND fabrication<\/strong> plant, marking its first major NAND expansion since 2018. The company also recently filed a <strong>$29 billion<\/strong> ADR prospectus with the SEC, aiming for a U.S. listing in July.<\/p>\n<p>Japanese markets also saw a significant trend reversal. The Nikkei 225 rose <strong>2.0%<\/strong> to reclaim ground above the <strong>70,000<\/strong> mark, supported by strong initial trading in futures. Weekly order flow data released by the Ministry of Finance revealed a shift in sentiment: while foreign investors offloaded <strong>\u00a51.06 trillion<\/strong> in Japanese bonds, they became net buyers of Japanese stocks to the tune of <strong>\u00a5479.4 billion<\/strong>. Additionally, Fitch Ratings issued a positive outlook for Japanese non-life insurers, including Tokyo Marine Holdings (<a href=\"\/stock\/8766\">8766<\/a>) and Sompo Holdings (<a href=\"\/stock\/8630\">8630<\/a>), citing solid underwriting performance and rising interest rates as drivers for sustained profitability.<\/p>\n<p>Energy markets provided a disinflationary tailwind for the region as oil futures continued their descent. Brent crude and WTI both hit their lowest levels since early March, driven by signs of normalized shipping through the <strong>Strait of Hormuz<\/strong>. The easing of geopolitical tensions between the U.S. and Iran has effectively removed the &quot;war risk premium&quot; from crude prices, providing relief to major energy importers across Asia.<\/p>\n<p>While most markets rallied, the Australian S&amp;P\/ASX 200 remained an outlier, opening <strong>0.3%<\/strong> lower. The soft performance in Sydney was attributed to a cooling commodities sector as global supply chains stabilized. However, the broader regional narrative remains dominated by the &quot;AI-memory boom,&quot; with investors looking toward the upcoming U.S. Personal Consumption Expenditures (PCE) data for further cues on the global interest rate trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Micron Technology (MU) triggered a massive regional tech rally after reporting record fiscal Q3 revenue of $41.5 billion 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