Asian shares surge after oil prices slip and Wall Street resumes its AI rally
Asian stocks surged Thursday after Wall Street rebounded, driven by Nvidia’s 200% profit jump in AI chips and easing bond yields, while oil prices dipped. South Korea’s Kospi led gains with a 6.7% rise, while U.S. tech stocks like AMD and Intel climbed amid stronger-than-expected corporate earnings and reduced inflation fears." "article": "Asian markets rallied Thursday, following Wall Street’s gains as bond yields eased and oil prices slipped. Nvidia’s quarterly report stood out, with profits soaring over 200% year-over-year and revenue up 85% due to AI demand. Its shares dipped 1.3% after-hours despite a pre-report 1.3% gain, reflecting investor reactions to strong but volatile performance. South Korea’s Kospi index jumped 6.7% to 7,688.43, led by Samsung Electronics (+6.3%) and SK Hynix (+9.5%), a chipmaker partnering with Nvidia. Taiwan’s Taiex rose 3.3%, driven by TSMC’s 2.3% gain, while Japan’s Nikkei 225 climbed 3.5% to 61,877.89. Chinese markets showed modest gains, with Hong Kong’s Hang Seng up 0.2% and Shanghai Composite rising 0.4%. U.S. stocks rebounded Wednesday after four days of declines, with the S&P 500 (+1.1%), Dow Jones (+1.3%), and Nasdaq (+1.5%) led by tech stocks like AMD (+8.1%) and Intel (+7.4%). The 10-year Treasury yield fell to 4.57% from 4.67%, easing pressure on equities amid hopes of reduced inflation concerns. Lower yields also benefited smaller stocks, with the Russell 2000 index rising 2.6%. Oil prices fluctuated, with Brent crude at $105.50 per barrel (+48 cents) after a 5% drop the prior day, reflecting uncertainty over U.S.-Iran negotiations to resume Persian Gulf oil deliveries. Meanwhile, corporate earnings reports—including gains from Red Robin (+18.2%) and Cava Group (+3.1%)—boosted confidence in sustained consumer spending despite high gasoline prices. Target was an outlier, falling 3.9% despite better-than-expected quarterly profits, as investors weighed broader economic concerns. The market’s rally underscored the link between corporate earnings, AI-driven growth, and bond yields, with tech and small-cap stocks leading gains amid easing inflation fears.
Asian markets rallied Thursday, following Wall Street’s gains as bond yields eased and oil prices slipped. Nvidia’s quarterly report stood out, with profits soaring over 200% year-over-year and revenue up 85% due to AI demand. Its shares dipped 1.3% after-hours despite a pre-report 1.3% gain, reflecting investor reactions to strong but volatile performance. South Korea’s Kospi index jumped 6.7% to 7,688.43, led by Samsung Electronics (+6.3%) and SK Hynix (+9.5%), a chipmaker partnering with Nvidia. Taiwan’s Taiex rose 3.3%, driven by TSMC’s 2.3% gain, while Japan’s Nikkei 225 climbed 3.5% to 61,877.89. Chinese markets showed modest gains, with Hong Kong’s Hang Seng up 0.2% and Shanghai Composite rising 0.4%. U.S. stocks rebounded Wednesday after four days of declines, with the S&P 500 (+1.1%), Dow Jones (+1.3%), and Nasdaq (+1.5%) led by tech stocks like AMD (+8.1%) and Intel (+7.4%). The 10-year Treasury yield fell to 4.57% from 4.67%, easing pressure on equities amid hopes of reduced inflation concerns. Lower yields also benefited smaller stocks, with the Russell 2000 index rising 2.6%. Oil prices fluctuated, with Brent crude at $105.50 per barrel (+48 cents) after a 5% drop the prior day, reflecting uncertainty over U.S.-Iran negotiations to resume Persian Gulf oil deliveries. Meanwhile, corporate earnings reports—including gains from Red Robin (+18.2%) and Cava Group (+3.1%)—boosted confidence in sustained consumer spending despite high gasoline prices. Target was an outlier, falling 3.9% despite better-than-expected quarterly profits, as investors weighed broader economic concerns. The market’s rally underscored the link between corporate earnings, AI-driven growth, and bond yields, with tech and small-cap stocks leading gains amid easing inflation fears.
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