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Stocks up in Asia as tech mood shifts, oil slides
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Adaderana Biz English | Sri Lanka Business News
Strait of Hormuz pushed oil prices and bond yields lower.
Reuters - Asian stock markets jumped on Wednesday as robust earnings and renewed appetite for tech propelled Wall Street to record highs, while hopes for progress on opening thepushed oil prices and bond yields lower.
AI capex helped lift Japan's Nikkei 3.5%, while South Korea continued its wild swings with a rise of 4.3%.
The next test for SpaceX investors comes on Thursday, when as many as 912 million shares held by employees and other pre-IPO stakeholders become eligible for sale.
OIL SLIDE BOOSTS BONDS Sentiment was supported by an ongoing slide in oil prices as Qatar said mediators were making progress in efforts to end the U.S.-Iran war, though details were lacking.