Asia’s markets are surging, with Japan, Taiwan, and South Korea smashing records on a blistering tech rally. Chipmakers and AI giants are fuelling the momentum as investors bet on cheaper U.S. money and rising demand. Weak U.S. jobs data has boosted hopes of imminent Fed cuts, with futures pricing in deeper easing.
Despite a slight uptick in Treasury yields, equities remain the story, led by Asia’s breakout. “Tech is the torchbearer of this rally,” says Nigel Green, CEO of deVere Group. “The future is digital, and investors don’t want to be left behind.” With Asia’s tech engines firing, the market’s momentum is firmly on the side of growth.
Meanwhile, Oracle shares rocketed 43% in a single session after sealing a record multi-billion-dollar deal with OpenAI, pushing the firm towards the trillion-dollar club. The rally lifted Larry Ellison’s net worth by over $100bn to $392.6bn, briefly overtaking Elon Musk.
Nigel Green of deVere says the story goes beyond one stock: “This quarter raises the bar, shifting capital flows and forcing rivals to rethink.” Oracle’s edge lies in connecting AI, cloud, and enterprise demand, a mix that investors can’t ignore. The surge shows the AI era can redraw
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