Global Markets Mixed as AI Optimism Boosts Tech While Geopolitical Concerns Weigh
Global markets showed mixed movements amid AI-driven optimism and geopolitical tensions. Asian stocks, led by tech and chipmakers like SK Hynix and Micron, reached record highs supported by AI demand and easing Middle East conflict concerns. Conversely, Japan's Nikkei and Australian shares declined due to profit-taking, rising oil prices, and uncertainty over a U.S.-Iran peace deal. Investors remain cautious about persistent inflation and geopolitical risks impacting sectors such as banking and energy.