Asian Stocks Rise on AI Boom as Oil Gains on Gulf Risk
Asian share markets firmed on Monday as sustained demand for artificial intelligence technology offset concerns over stalled Gulf peace talks. While regional tech stocks hit record highs, Brent crude rose to 93.02 dollars per barrel as investors monitored potential supply disruptions in the Strait of Hormuz.
Japan and South Korea stocks rose on Monday, June 1, as artificial intelligence demand outweighed rising energy costs. The Nikkei 225 added 1.1% to reach all-time highs following a 5% surge last week. Investors are balancing high-growth tech momentum against geopolitical risks in the Middle East that threaten global oil supplies.
### AI Demand Drives Asian Markets Semiconductor and hardware demand continues to underpin regional equity gains. Samsung shares jumped nearly 10% on Monday after Samsung began shipping samples of its latest high-bandwidth memory chips. This rally follows data showing South Korean exports grew at the strongest annual rate in four decades during May, reaching a record $87.75 billion.
