India, July 31 -- Equity markets surged on Friday amidst a surge in chip makers that quelled worries about tech valuations and sustainability of massive spends on artificial intelligence. Optimistic corporate results also boosted sentiment.
Wall Street Futures are trading in mildly positive territory after a strong rally a day earlier. Major benchmarks in Europe are also trading with gains. Earlier in the day, major Asian markets finished trading on a positive note. South Korea's KOSPI benchmark dazzled with a surge of close to 18 percent. Samsung rallied 27 percent whereas SK Hynix jumped 30 percent.
Dollar Index rebounded after a 3-day losing streak. Bond yields mostly hardened. Crude oil prices have surged a little less than 2 percent....