Asian markets surged this week as AI and semiconductor stocks led major indexes in Tokyo, Seoul, and Taipei higher by over three percent, with chipmakers like Kioxia, Advantest, SK Hynix, and TSMC driving the rally. Oil prices dipped on hopes of a diplomatic breakthrough between Iran and Oman that could ease tensions in a key strait, calming global nerves. U.S. stocks also hit record highs, buoyed by strong earnings from Palantir and Caterpillar, easing fears of an AI bubble. The U.S. economy showed resilience with high job openings, while the dollar weakened against the yen and euro, reflecting shifting global sentiment. Markets remain optimistic—but analysts stress caution as conditions are still evolving.

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