Asian shares climb as chip stocks rebound; Brent slips 0.2% to $76.10
AI Market Summary
Asian equities rose as AI-linked semiconductor optimism resurfaced, supported by SK Hynix's $26.5B ADR raise and Micron's expanded U.S. fab capex plans, reinforcing the durability of the AI investment cycle. In commodities, Brent edged lower as markets priced a more contained U.S.-Iran trajectory and continued talks, trimming geopolitical risk premium. The cross-asset mix points to firmer risk appetite in tech alongside softer near-term energy support.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT+0.30%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
● Neutral
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SK Hynix has completed a $26.5 billion American depositary share offering, with the ADRs set to start trading Friday on Nasdaq under the symbol SKHYV. The company said the proceeds will support capacity expansion as demand for AI computing equipment grows. Micron said it plans to increase spending on new plants in the US to $250 billion, while SK Hynix and Samsung Electronics are set to ramp up investment in South Korea under a government-led $880 billion AI semiconductor initiative. Brent crude edged down 0.2% to $76.10 a barrel as concerns eased over a further escalation in the US-Iran conflict.
