Asian stocks saw modest gains following Wall Street’s record highs, fueled by anticipation of a Federal Reserve interest-rate cut this week. The S&P 500 surpassed 6,600 amid bets on Fed easing, while a TikTok deal and potential Trump-Xi talks also boosted sentiment.
AI chip rally faces reality check, but bubble fears may be overdone: Adrian Mowat
South Korean chip stocks are experiencing a temporary dip, not an AI bubble burst, according to EM-Equity Strategist Adrian Mowat. He attributes the volatility to