Tech shares lift global markets as oil holds near one-month high
AI Market Summary
Global equities are supported by AI-linked tech strength (ASML's upside revenue and higher guidance; Korea's KOSPI surge led by Samsung and SK Hynix) and softer US inflation prints that cut near-term Fed hike odds and eased Treasury yields. Offsetting risk comes from higher oil prices amid escalating Iran-related Strait of Hormuz export threats, which could reintroduce inflation pressure and raise cross-asset volatility.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT-0.97%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
● Neutral
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ASML reported quarterly revenue above expectations and raised its summer revenue outlook, pointing to faster AI-driven spending on chipmaking equipment. South Korea’s KOSPI surged 6.2% in a single session, led by AI chip heavyweights such as Samsung and SK Hynix. In the U.S., all three major stock indexes advanced, with the S&P 500 posting a fourth gain in five sessions, the Dow up 0.4% and the Nasdaq up 0.6%. Markets also repriced Fed tightening odds to 9%, while the 10-year U.S. Treasury yield slipped to 4.56%.
