Asian tech stocks rise while oil prices and bond yields jump
Asian tech shares rose on strong earnings while oil prices hit a four-year high. Bond yields climbed as central banks signaled a hawkish shift on interest rates.
Tech stocks in Japan and across Asia rose Thursday as ALPHABET INC-CL A surged 7% on robust earnings. This rally follows a 6% spike in Brent Crude Oil to $122.53, driving global bond yields higher. Investors are weighing AI-driven growth against rising energy costs and hawkish shifts from central banks in the United States.
### AI Earnings Drive Tech Momentum Alphabet topped forecasts, while MICROSOFT CORP and AMAZON.COM INC reported solid results. Nasdaq futures climbed 1% in Asia on Thursday morning. SAMSUNG ELECTRONICS CO LTD reported an eightfold jump in operating profit, reaching a record on AI demand in South Korea.
