Asian stocks rise for a second day as chipmakers rebound; yen falls past 163 per dollar
AI Market Summary
Asia equities extended gains as a sharp semiconductor rebound—supported by Nvidia's update that new AI chips are reaching customers and reports of TSMC price increases—improved risk appetite in tech. However, rising crude amid renewed US-Iran tensions lifted yields and revived inflation concerns, tempering the broader tone. FX volatility also rose as USD/JPY pushed to multi-decade lows for the yen, increasing intervention risk.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT+1.37%
AI Insight · NCSKNVDA2USD/USDTAI Insight
● Neutral
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Asian equities extended gains for a second session, with the MSCI Asia Pacific Index up 0.8% and South Korea’s Kospi jumping more than 5%. The move followed the Nasdaq 100’s best session in three weeks as a key semiconductor gauge surged 5.2%, helping offset worries tied to firmer oil prices. Brent rose 0.6% to $91.52 a barrel and gold traded above $4,080 an ounce.
