Asian equities rebounded from their worst selloff in more than two months as a recovery in gold and silver helped steady markets after Monday’s volatility, while technology stocks rallied. The MSCI Asia Pacific Index rose 2.7%, its strongest session since markets rebounded from President Donald Trump’s century-high tariffs unveiled in April. Stocks in South Korea — a poster child for artificial intelligence and the world’s best-performing index this year — surged 5.8% with Samsung Electronics Co. jumping 8.8% and SK Hynix Inc. 7.5%. The gains are set to carry over into Europe and the US, with futures for the Nasdaq 100 Index rising 0.5% after AI bellwether Palantir Technologies Inc. posted a stronger-than-expected sales outlook. Gold jumped as much as 4.2% and silver rose 8.1%, clawing back some losses after the abrupt unwinding of a record-breaking rally that had driven prices sharply down in the past two sessions. Stocks are finding some stability after a steep drop in precious metals spread through risk assets, prompting widespread declines. Market conditions have remained unsettled since President Donald Trump on Friday nominated Kevin Warsh as the next Federal Reserve chair, a candidate viewed as more focused on curbing inflation than lowering rates. Meanwhile, Australian bonds slid and the currency rose after the central bank raised its key interest rate to combat inflation. The Australian dollar extended an early gain, rising 1% to trade above 70 US cents, while the yield on policy-sensitive three-year bonds jumped 10 basis points as traders cemented bets on a further RBA rate hike this year. Elsewhere, Indian stocks jumped 2.2% as Trump said he will slash tariffs on India to 18% after Prime Minister Narendra Modi agreed to stop buying Russian oil, easing tensions between the two countries. The rupee gained against the dollar. Indian equities are primed to ease their run of underperformance after the long-awaited trade agreement with the US, which removes a key overhang on financial assets that had triggered record foreign outflows. Beyond Indian stocks, the billions companies are pouring into artificial intelligence continued to dominate investor focus. South Korea’s two most valuable companies are poised to eclipse a duo of Chinese internet giants by market cap for the first time, underscoring how an evolving global AI boom has reshaped the sector’s investment dynamics in Asia. AI is a boom, and not a bubble, said Deutsche Bank’s Global Chief Investment Officer Christian Nolting. Still, investors need to “watch not only chips but the whole value chain,” he said at a briefing in Singapore on Tuesday. Chinese internet firms, however, slumped in Hong Kong on Tuesday amid concerns over the possibility that they could be levied higher value-added tax after the government raised taxes on the country’s telecom providers. The key area of attention was on silver and gold. The two commodities clawed back some losses during the US session on Monday after another heavy selloff in Asian hours. Precious metals had rapidly surged to records last month, catching even seasoned traders by surprise. Investors piled into gold and silver on renewed concerns about geopolitical upheaval, currency debasement, and threats to the Fed’s independence. A wave of buying from Chinese speculators supercharged the rally. That flipped on Friday as the dollar rebounded and the precious metals slid after the nomination of Warsh. The Bloomberg Dollar Spot Index weakened on Tuesday after gains in the previous two sessions. Risk is “back on the menu” Tuesday, with precious metals stabilizing, Andrew Jackson, head of Japan equity strategy at Ortus Advisors, wrote in a note. US After Hours TER +22.3%, WWD +15.8%, PLTR +5% higher on earnings; WULF +12.3% higher after adding load capacity following acquisitions; RMBS -14.7%, NXPI -5.2%, FN -4.1% lower on earnings.
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Macro :
- Mercuria Joins List of Traders Vying for Venezuela Oil
- OpenAI’s Altman Says Nvidia Makes the Best AI Chips in the World
- Silver’s Fate Hinges on China’s Next Move, Not New Fed Chair
- Bolivia President Plans Reforms for Mining Exploration Boom: FT
Keep an eye on :
Keep an eye on :
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- AIR FP : Turboprop Maker ATR Says Supply Chain Can Support Output Surge
- AIR FP : Air Cambodia Orders Up To 20 Boeing 737-8 Jets at Singapore Show
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- ALFA SS : Alfa Laval 4Q Adjusted Ebita Misses Estimates
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- ATS AV : AT&S 9M Ebitda EU296.8M Vs. EU232M Y/y
- BOL SS : Boliden 4Q Revenue Beats Estimates
- BP/ LN : BP Investors Demand Proof More Oil, Gas Spending Boosts Returns
- BT/A LN : Virgin Media O2 Owners to Seal £2B Deal for Netomnia: FT
- BYW6 GY : BayWa Starts Talks With Lenders As Renewable Unit Falters
- AM FP : Dassault Aviation Says Jet Demand in China Has Softened
- DEMANT DC : Demant FY Hearing AIDS Revenue Beats Estimates
- ELD CN : Eldorado Gold to Buy Foran in $2.8 Billion Mining Deal
- ENGI FP : Sonoco Sets Power Purchase Pact With Engie to Meet US Needs
- ENGI FP : Sonoco Sets Power Purchase Pact With Engie to Meet US Needs
- EQT SS : GIP Is Said to Team Up With EQT in Bid to Acquire Power Firm AES
- FOM CN : Eldorado Gold to Buy Foran in $2.8 Billion Mining Deal
- FORTUM FH : Fortum 4Q Adjusted Operating Profit Beats Estimates
- FRA GY : Fraport Signs Pact with Kuehne + Nagel for Air Cargo Warehouse
- GIVN SW : Givaudan to Invest $110m in new Fragrances Facility in Mexico
- IBE SM : Iberdrola Awards €2.3 Billion UK Cable Contract to Prysmian
- INWI SS : Inwido 4Q Net Sales Beat Estimates
- ISS DC : ISS Signs Partnership in UK With Annual Value of Over DKK100M
- KNIN SW : Fraport Signs Pact with Kuehne + Nagel for Air Cargo Warehouse
- MRX US : Marex Tells 11 Winterflood Traders to Prepare for Job Cuts
- NETC DC : Netcompany FY Adjusted Ebita Beats Estimates
- NOEJ GY : Norma to Repay up to €260m to Shareholders From Unit Sale
- NVDA US : OpenAI’s Altman Says Nvidia Makes the Best AI Chips in the World
- NVDA US : OpenAI’s Altman Says Nvidia Makes the Best AI Chips in the World
- ORSTED DC : Orsted to Resume Work at Sunrise Wind Project
- PRY IM : Iberdrola Awards €2.3 Billion UK Cable Contract to Prysmian
- PHARM NA : Pharming Sees 2026 Revenue $405M to $425M
- SAN FP : Sanofi Signs Share Buyback Mandate for Up to €1B
- SRT GY : Sartorius FY Sales Match Estimates
- DIM FP : Sartorius Stedim Sees 2026 Rev. Ex-FX +6% to +10%, Est. +9.96%
- WAF GY : Siltronic 4Q Sales Beat Estimates
- Space X IPO : Musk’s SpaceX Combines With xAI at $1.25 Trillion Valuation
- Space X IPO : SpaceX Reviewing Falcon 9 Second Stage Issue After Launch
- STLA IM : Italy Jan. New Car Sales Rise 6.18% Y/y
- 4XO GY : Steyr Motors Sees 2026 Ebit Margin at Least 15%
- TEF SM : Telefonica Seeks Lead Role In Spain AI Gigafactory Build
- TEL NO : Telenor’s Grameenphone Saw Subscriptions Fall by 1.7m in 4Q
- TELIA SS : Telia And Ice To Combine Mobile Networks In Norway
- UNI SM :Unicaja 4Q Net Income Misses Estimates
- VLA FP : Valneva Starts Pilot Chikungunya Vaccine Campaign in Brazil
- DG FP : Vinci Secures Hydraulic Contract in Jamaica Worth €144m
- WBD US : Disney CFO Says Netflix Would be ‘Awfully Big’ With Warner Bros.
- XIOR BB : Xior FY EPRA EPS Matches Estimates