Asian markets

U.S. markets rallied, led by Big Tech, with Oracle and Microsoft gains lifting the S&P 500 and Nasdaq. The Dow Jones hit a record high. Asian markets, particularly Japan, also advanced, driven by stimulus hopes. Despite Big Tech’s recovery, concerns over capital expenditures persist, though Alphabet’s bond sale and ChatGPT’s growth suggest AI demand remains strong. Oil prices dipped slightly. Key developments include Taiwan’s semiconductor export challenges, geopolitical tensions, and maritime security advisories.

Asian markets rebounded sharply, led by South Korea’s Kospi index. A US-India trade agreement, involving reduced US tariffs and increased “BUY AMERICAN” purchases by India in exchange for shifting oil imports away from Russia, boosted Indian stocks. Precious metals also recovered. In tech, SpaceX is acquiring xAI, SoftBank and Intel are collaborating on memory tech, Australia raised interest rates, and Tesla is focusing on Optimus robot production. Meanwhile, Chinese organized crime is reportedly funneling billions through crypto.