Asian Markets Mixed - Japanese Shares Surge on AI Optimism While Chinese Stocks Sink Further on Growth Worries
• Japanese shares surged over 1% to 34-year highs amid hype over AI driving tech gains; BOJ expected to maintain loose policy • TSMC offered positive 2024 outlook citing AI demand, boosting broader Asian tech stocks • Chinese stocks languished near 5-year lows on persistent economic slowdown fears • Australia’s ASX 200 rose on tech strength though mining stocks fell on weak Chinese demand • Indian markets closed for temple inauguration; concerns over potential communal unrest