Asian markets surged Monday, led by Japan’s Nikkei 225 and tech giants like Tokyo Electron, while South Korea’s Kospi lagged as chipmakers dipped amid profit-taking. Oil prices climbed on geopolitical jitters—Israel’s Gaza stalemate, Iran-Oman Strait talks, and Houthi attacks on Red Sea ports pushed Brent to $84.01 and U.S. crude to $78.46. In the U.S., stocks rallied Friday after a surprise jobs drop sparked bets the Fed may pause rate hikes, lifting the S&P 500 to a new all-time high. Tech stocks powered gains, with Nvidia and Broadcom leading the charge, as 10-year yields fell to 4.64%. Investors now eye July’s CPI, forecast at 3.4%—a slight dip from June’s 3.5%, but still above target. The dollar gained vs. the yen, while the euro weakened slightly.
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