Asian Stocks Set to Gain as Nasdaq 100 Jumps on 5.2% Chip Rally
Updated
Updated · Bloomberg · Jul 21
Asian Stocks Set to Gain as Nasdaq 100 Jumps on 5.2% Chip Rally
3 articles · Updated · Bloomberg · Jul 21
Summary
Japan, Australia and South Korea equity-index futures all pointed to a higher Wednesday open, signaling Asian shares may extend a tech-led rebound.
The move followed the Nasdaq 100’s best session in three weeks, after a key semiconductor gauge surged 5.2% as investors bought back beaten-down chipmakers tied to the AI boom.
US stock futures were little changed after the rally, suggesting the chip rebound was strong enough to steady broader risk sentiment.
Renewed US-Iran conflict concerns still hung over markets, but for now they were outweighed by the recovery in semiconductor shares.