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Updated · Bloomberg · Jun 30Asian Stocks Set to Rise as S&P 500 Caps Best Quarter in 6 Years
3 articles · Updated · Bloomberg · Jun 30Summary
- Equity-index futures pointed to gains in Japan, South Korea and Hong Kong on Wednesday after Wall Street ended its strongest quarter in six years.
- US stocks set the tone: the S&P 500 rose 0.8%, the Nasdaq 100 gained 1.7%, and a semiconductor index logged a record quarterly advance.
- Chipmakers led the rally as signs of US economic resilience lifted expectations for corporate earnings, while Treasuries fell.
- Oil edged higher in early Asia trading after falling Tuesday, with markets still watching whether the US-Iran ceasefire holds.
Insights
With war and inflation looming, is the AI market boom heading for a historic collapse? Is the US CHIPS Act fueling a dangerous semiconductor bubble to solve a geopolitical problem?