Japan’s Nikkei 225 jumps 4.1% as Qualcomm and Micron rallies lift Asian chip stocks; oil falls more than $1
AI Market Summary
Upbeat guidance from Qualcomm and Micron lifted Asian semiconductor equities, driving a sharp rally in Japan's Nikkei and pushing South Korea's Kospi to a record. The risk-on impulse is tempered by a >3% pullback in oil on easing U.S.-Iran war fears and by looming U.S. PCE inflation data that could reinforce Fed hawkishness if inflation re-accelerates.
Impact level
● High
Affected assets
NCSINIKKEI2252USD/USDT+0.11%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
● Neutral
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Qualcomm and Micron Technology surged 12% and nearly 16% in after-hours trading after sharply raising revenue guidance and unveiling new AI data-center products. The gains spilled into Asia, sending chip-related shares higher and lifting Japan’s Nikkei 225 4.1% while South Korea’s Kospi set a record. Oil prices fell more than 3% on expectations of easing tensions in the U.S.-Iran war, while investors awaited the Federal Reserve’s PCE inflation reading amid worries about a rebound in price pressures.
