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Tokyo's market performance was especially strong. Japan's Nikkei 225 index climbed 1.4% to a new intraday high of 60,564.18. This rally was fueled by renewed investor interest in technology shares, particularly those involved with artificial intelligence. South Korea's Kospi also saw a significant jump, rising 2.1%.
Mideast Tensions Boost Oil Prices
Ongoing tensions between the United States and Iran continue to affect crude oil supply routes. Reports suggest talks to de-escalate the conflict have stalled, with the White House reportedly canceling planned envoy trips to Pakistan. This geopolitical uncertainty has pushed oil prices upward.
US Stocks Close Mixed with Tech Strength
On Wall Street, major indices finished the past week with gains, though performance was mixed. The S&P 500 rose 0.8% to reach a new all-time high of 7,165.08. The Nasdaq Composite also rallied, climbing 1.6% to set its own record, supported by a strong performance in the technology sector. The Dow Jones Industrial Average, however, dipped 0.2% to 49,230.71.
Global Central Banks Face Rate Decisions
This week features crucial decisions from several of the world's leading central banks. The Federal Reserve, the European Central Bank, the Bank of Japan, and the Bank of England are all scheduled to announce their latest interest rate policies. Investors will be closely watching these announcements for indicators of future economic direction.
Intel Soars on Strong AI Chip Demand
Tech giant Intel Corporation surged past its peak from the dot-com boom era to reach a new all-time high. The stock climbed an impressive 23.6%, marking its best single day since 1987. This leap followed the release of first-quarter results that significantly surpassed analyst expectations. CEO Lip-Bu Tan highlighted the escalating demand for chips driven by artificial intelligence as a primary growth catalyst.