A trader works on the floor of the New York Stock Exchange (NYSE) in New York on Oct. 1. (Photographer: Michael Nagle/Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Asian equities rallied, led by technology stocks, after OpenAI’s deal with South Korean chipmakers bolstered optimism over artificial intelligence.

The MSCI Asia Pacific Index rose almost 1%, trading above a record close reached last month, with chip-related technology stocks leading the charge. Samsung Electronics Co. advanced 4.5% and SK Hynix Inc. jumped 11% after signing an initial supply pact with OpenAI’s Stargate project. That helped South Korea’s Kospi benchmark hit a record intraday high. Hong Kong shares rose as traders returned after a holiday.

Treasuries held their gains, spurred by pr

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