{"id":2895,"date":"2026-06-25T06:37:25","date_gmt":"2026-06-25T06:37:25","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2895"},"modified":"2026-06-25T06:37:25","modified_gmt":"2026-06-25T06:37:25","slug":"asian-stocks-surge-as-micron-earnings-ease-ai-fears","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2895","title":{"rendered":"Asian stocks surge as Micron earnings ease AI fears"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Summary<\/li>\n<li>Companies<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<\/div>\n<div>SINGAPORE, June 25 (Reuters) &#8211; Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the \u200bred-hot AI rally that has pushed global stocks to record highs.<\/div>\n<div>Tech-heavy markets in Japan and South Korea rose sharply after Micron (MU.O)<svg><\/svg><span>, opens new tab<\/span> said its customers \u200chad committed $22 billion for its memory chips, while Qualcomm (QCOM.O)<svg><\/svg><span>, opens new tab<\/span> anticipates $15 billion in sales from its data centre business by 2029.<\/div>\n<div>MSCI&#8217;s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS)<svg><\/svg><span>, opens new tab<\/span> was 1.6% higher. Japan&#8217;s Nikkei (.N225)<svg><\/svg><span>, opens new tab<\/span> rose over 4% while South Korea&#8217;s KOSPI (.KS11)<svg><\/svg><span>, opens new tab<\/span> gained 5.5% and Taiwan stocks (.TWII)<svg><\/svg><span>, opens new tab<\/span> was 0.9% higher.<\/div>\n<div>Futures for S&amp;P 500 rose 0.5% while Nasdaq futures jumped 1.8%. European futures though were flat.<\/div>\n<div>&#8220;It doesn&#8217;t take much to \u200brestore confidence among stock traders, especially when mega themes such as AI are the main driver,&#8221; said Matt Simpson, senior market analyst at StoneX.<\/div>\n<div>&#8220;Until the \u200bwheels truly fall off the global economy, traders will look for any excuse to buy a dip. This week&#8217;s excuse was \u2060Micron,&#8221; he said.<\/div>\n<div>Investor concern that valuations for AI-related companies have become stretched following years of gains has weighed on markets in recent days, leading to volatile sessions.<\/div>\n<div>Analysts \u200bthough remain sceptical of a long sustained rally in AI stocks as those valuation worries linger.<\/div>\n<div>&#8220;It&#8217;s a positive from Micron,&#8221; said Nick Twidale, chief market strategist at ATFX Global \u200bin Sydney, who expects a strong move higher on the back of the earnings.<\/div>\n<div>&#8220;But I&#8217;m not sure how long the euphoria will last across the rest of the sector&#8230; I think valuation concerns will continue to weigh on sentiment moving forward,&#8221; he said.<\/div>\n<div>Also aiding sentiment was announcement from South Korea&#8217;s SK Hynix (000660.KS)<svg><\/svg><span>, opens new tab<\/span> on Wednesday of plans to raise up to $29.52 billion through a secondary listing \u200bon Nasdaq to capitalise on unending investor appetite for AI stocks.<\/div>\n<div>Shares of SK Hynix and Samsung Electronics (005930.KS)<svg><\/svg><span>, opens new tab<\/span> have powered the KOSPI to record highs through the year, taking \u200bthe year to date gains for the index to 112% and making it the best-performing stock market in the world.<\/div>\n<h2>OIL BACK TO PRE-WAR LEVELS AS TANKERS EXIT HORMUZ<\/h2>\n<div>Oil prices extended their \u200cdecline as stranded tankers \u2060exited the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns.<\/div>\n<div>Brent crude futures dipped 1.6% to $72.53 a barrel, erasing all of its gain from the war. U.S. West Texas Intermediate fell over 1% to $69.36 a barrel.<\/div>\n<div>Easing oil prices may help reduce some inflation pressure but elevated prices are likely to keep the U.S. Federal Reserve under pressure to raise interest rates with investors pricing in at least one rate increase this year.<\/div>\n<div>Thursday&#8217;s PCE inflation report is expected \u200bto show core prices rose 0.3% in \u200bMay, putting the annual rate at \u20603.4%. Headline inflation is forecast at 0.5% for the month and 4.1% year-over-year.<\/div>\n<div>Rising expectations of a rate hike have boosted the dollar, putting the Japanese yen near its lowest in 40 years and on the brink of more intervention from Tokyo after \u200bthe last bout around May failed to stem the fragile currency&#8217;s decline.<\/div>\n<div>The yen was last at 161.73 per U.S. dollar, \u200bnot far from the \u2060two-year low it hit last week. A break below 161.96 would take yen to its lowest level since 1986.<\/div>\n<div>Vincent Chung, a Hong Kong-based fixed-income portfolio manager at T Rowe Price, said an intervention that just comes from Japan is unlikely to be effective.<\/div>\n<div>&#8220;You look at history, and more coordinated moves with other central banks tends to be more effective &#8230; so \u2060if it&#8217;s \u200bnot just a rate check, that could be a bigger move.&#8221;<\/div>\n<div>The dollar index , which measures the U.S. \u200bunit against a basket of currencies, was at 101.6 after reaching 101.80 in the previous session, its highest since May 12, 2025.<\/div>\n<div>The strengthening dollar has weighed on gold, which slid below $4,000 an ounce for \u200bthe first time in 2026. Spot gold last fetched $3,990 per ounce, hovering near its lowest since November.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2893\">Hero or troublemaker? Milan prosecutor shakes up Italy\u2019s labour practices<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2891\">China\u2019s \u2018future industries\u2019 push triggers flood of venture capital, bubble concerns<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2889\">Rubio visits Bahrain seeking Gulf backing for Iran deal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the \u200bred-hot AI rally that has pushed global stocks to record highs.<\/p>\n","protected":false},"author":1,"featured_media":2894,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[54],"class_list":["post-2895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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