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Market · May 04, 2026, 02:16 AM · 1 source

Asian stocks near record highs on tech strength; AI capex bets pay off globally

Asian equity markets pushed near all-time highs Sunday on broad strength in tech stocks, with Taiwan semiconductor makers and Chinese AI-focused firms driving regional outperformance. Dollar weakness and risk-on sentiment favored emerging-market tech exposure.

The rally reflects global validation of the AI infrastructure spend thesis—chipmakers and software services benefited from downstream enterprise spending on foundation models, training hardware, and inference optimization across APAC supply chains.

Sources

Everything this brief rests on
  1. 01 Primary source bloomberg.com