Asian stocks rise to record, yen trades near 160

Anand Krishnamoorthy / Bloomberg

Jun 03

Asian stocks climbed to a record as investors doubled down on the artificial-intelligence trade that has powered global equities to all-time highs. The yen hovered near 160 per dollar.(June 3): Asian ...

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The yen hovered near 160 per dollar.(June 3): Asian ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/highlight/asian-stocks-poised-gain-ai-rally-extends?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asian stocks rise to record, yen trades near 160</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsian stocks rise to record, yen trades near 160\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-03 02:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/highlight/asian-stocks-poised-gain-ai-rally-extends?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Anand Krishnamoorthy / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Asian stocks climbed to a record as investors doubled down on the artificial-intelligence trade that has powered global equities to all-time highs. The yen hovered near 160 per dollar.(June 3): Asian ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/highlight/asian-stocks-poised-gain-ai-rally-extends?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EEMA","symbol_name":"iShares","start_time":0,"source_url":"https://www.theedgesingapore.com/news/highlight/asian-stocks-poised-gain-ai-rally-extends?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2640009869","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/highlight/asian-stocks-poised-gain-ai-rally-extends?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2640009869","pubTimestamp":1780424115,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Asian stocks climbed to a record as investors doubled down on the artificial-intelligence trade that has powered global equities to all-time highs. The yen hovered near 160 per dollar.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EEMA":"iShares","YCS":"日元ETF-ProShares两倍做空","FXY":"日元ETF-CurrencyShares","YCL":"ProShares Ultra Yen","HEWJ":"日本ETF汇率对冲-iShares"},"translate_title":"亚洲股市升至创纪录水平，日元交易接近160","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HEWJ":1.5,"EEMA":1.5,"FXY":1.5,"YCS":1.5,"YCL":1.5},"content_text":"Asian stocks climbed to a record as investors doubled down on the artificial-intelligence trade that has powered global equities to all-time highs. The yen hovered near 160 per dollar.(June 3): Asian stocks climbed to a record as investors doubled down on the artificial-intelligence trade that has powered global equities to all-time highs. The yen hovered near 160 per dollar.\nThe MSCI Asia Pacific Index rose 0.8% to an all-time high, as technology shares rallied and chipmaker Tokyo Electron Ltd jumped 10%. Taiwan’s benchmark gauge advanced 1.7% to a record, with Taiwan Semiconductor Manufacturing Co climbing to a peak. South Korean markets were shut for a holiday.\nThe Asian gains came after the S&P 500 and Nasdaq 100 hit record highs, with an index of chipmakers rising nearly 6%.\nEven so, caution crept in as Brent crude rose 1% to US$97 ($124.09) a barrel on pessimism over the prospects of the US and Iran reaching a peace deal and as fresh fighting flared up in the Middle East.\nTreasuries edged lower with the yield on the 10-year bond rising one basis point to 4.45%. The first of three labour-market reports due this week reinforced wagers that the Federal Reserve’s next move will be to raise interest rates. \nInvestors piling into AI-linked stocks have propelled global equities to record highs, with expectations for a deal to end the war that has rattled markets worldwide providing an additional boost. Traders have looked past concerns about elevated valuations, betting that strong earnings growth and easing geopolitical tensions will continue to support risk assets.\n“Tech continues to dominate the market,” said veteran strategist Louis Navellier. “The trend remains positive, with the catalyst for further material gains possible with a resolution with Iran.”\nFocus in Asia is on the yen as traders awaited Bank of Japan Governor Kazuo Ueda’s planned speech for clues on the outlook for interest rates. Traders are reluctant to push the yen beyond the key 160 level against the dollar in the face of the risk of intervention by authorities to prop up the currency.\nIn other corners of the market, gold edged lower to about US$4,470 an ounce as inflation worries fuelled expectations that borrowing costs will stay elevated for longer. Bitcoin slid to around US$66,500. \nElsewhere, Cliffwater LLC’s flagship private credit fund capped redemptions at 5% in the second quarter after investors looked to pull about 17% of shares, in a sign of enduring pressure on the US$1.8 trillion market.\nMeanwhile, President Donald Trump remained optimistic the US can reach an interim peace deal soon. He disputed reports in Iranian state media that said talks with Washington had been suspended over the fighting in Lebanon, saying the two sides have been “continuously” having conversations, including “today”.\nTensions remained high in the region as US forces defeated multiple Iranian ballistic missiles and drones, and conducted self-defence strikes on Qeshm Island in response to attempted attacks by Iran.\nThe primary focus for the oil market remains the Strait of Hormuz, which handled about one-fifth of global oil and liquefied natural gas flows before the war began — with visible commercial traffic through the waterway remaining limited.\nEven as businesses navigated rising energy costs sparked by the Iran war, US job openings jumped in April to the highest level in almost two years and layoffs fell, adding to signs the labour market remained resilient.\n“The jobs market continues to hold its ground,” said Bret Kenwell at eToro. “There’s hope that energy prices will retreat after a geopolitically charged surge in the first quarter, allowing the Fed to stay on hold while inflation eases in the second half of the year. Pair that with rising earnings expectations, and it could help propel stock prices higher.”\nCorporate news:\n\nSpaceX plans to raise US$75 billion in IPO by selling 555.6 million shares at a target price of US$135 per share, Reuters reported, citing a source familiar with the matter.\nMarvell Technology Inc shares surged the most in 26 years after Nvidia Corp’s Jensen Huang predicted that the semiconductor and networking company would be the next business to hit a US$1 trillion valuation.\nPalo Alto Networks Inc released a forecast for adjusted earnings that was stronger than anticipated.\n\nSome of the main moves in markets:\nStocks\n\nS&P 500 futures were little changed as of 10.52am Tokyo time\nJapan’s Topix rose 1.5%\nAustralia’s S&P/ASX 200 rose 0.4%\nHong Kong’s Hang Seng fell 1%\nThe Shanghai Composite rose 0.2%\nEuro Stoxx 50 futures fell 0.2%\n\nCurrencies\n\nThe Bloomberg Dollar Spot Index was little changed\nThe euro was unchanged at US$1.1631\nThe Japanese yen was little changed at 159.85 per dollar\nThe offshore yuan was little changed at 6.7653 per dollar\n\nCryptocurrencies\n\nBitcoin fell 1.2% to US$66,703.52\nEther fell 2.4% to US1,859.1\n\nBonds\n\nThe yield on 10-year Treasuries advanced one basis point to 4.45%\nJapan’s 10-year yield advanced 2.5 basis points to 2.595%\nAustralia’s 10-year yield advanced two basis points to 4.90%\n\nCommodities\n\nWest Texas Intermediate crude rose 1.2% to US$94.86 a barrel\nSpot gold fell 0.3% to US$4,475.35 an ounce\n\nUploaded by Chng Shear Lane","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}