ASIAN STOCKS ROSE 0.6% AS CHIP SHARES STABILIZED AFTER WALL STREET’S REBOUND, WHILE JAPAN’S TOPIX GAINED 1.4%. HOWEVER, NASDAQ 100 FUTURES FELL 0.5% AMID PERSISTENT CONCERNS OVER AI SPENDING AND COREWEAVE’S DEBT RISKS.
ASIAN STOCKS GAINED MODESTLY AFTER NVIDIA AND MICROSOFT LED A TECH RALLY THAT PUSHED THE S&P 500 CLOSE TO A RECORD, WITH MSCI ASIA PACIFIC UP 0.1% AND JAPAN'S TOPIX AND AUSTRALIA'S ASX 200 GAINING 0.3%.
ASIAN EQUITIES GAINED MODESTLY, LED BY SEMICONDUCTOR STOCKS AS THE AI TRADE REMAINED STRONG, WITH SOUTH KOREA'S KOSPI UP 0.5%, THE MSCI ASIA PACIFIC INDEX GAINING 0.4% AND JAPAN'S TOPIX ADVANCING 0.4% AFTER A 1.3% JUMP IN THE PHILADELPHIA SEMICONDUCTOR INDEX, AS SK HYNIX EDGED HIGHER AMID CONTINUED ENTHUSIASM FOR AI-RELATED CHIP DEMAND.