Asian stocks bounce as AI and Mideast jitters recede
Asian markets rebounded on Monday as artificial intelligence and Middle East concerns eased. Meanwhile, the dollar strengthened following a strong jobs report that raised expectations for a Federal Reserve rate hike.
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Asian markets and United States equity futures rose during Monday morning trade, recovering from steep tech losses after AI profitability fears sparked a regional rout. Japan's Nikkei index added 3.5%, while South Korea shares climbed 1.8%. The rebound follows a volatile week driven by artificial intelligence sector concerns and political shifts in Washington.
