Asian Stocks Soar, Global Rally Extends on Tech Gains Despite Geopolitical Jitters

Business
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Moneycontrol•06-01-2026, 04:29
Asian Stocks Soar, Global Rally Extends on Tech Gains Despite Geopolitical Jitters
- •Asian stocks poised for positive open, extending a record global equity rally.
- •S&P 500, Nasdaq 100, and global stocks hit new peaks, led by Amazon.com Inc. and Tesla Inc.
- •Gold surged over 2% and silver over 5% due to geopolitical uncertainty after Venezuela's Maduro capture.
- •10-year Treasury yields fell as US manufacturing activity shrank, boosting Fed easing hopes.
- •Brent crude rose; Venezuela bonds gained on prospects of regime change.
Why It Matters: Global equities rally, led by tech, despite geopolitical concerns and weak US manufacturing data.
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