Asian Stocks Surge for Fourth Week on Tech Boom, AI Bets Drive Gains

• Asian stocks are on track for their longest weekly winning streak since May, driven by a surge in technology shares.
• The MSCI Asia Pacific Index has risen over 7% this week, with AI-related stocks, particularly in South Korea, seeing significant gains.
• US equities rebounded after Taiwan Semiconductor Manufacturing Co. (TSMC) earnings boosted sentiment, lifting shares of Nvidia Corp. and ASML Holding NV.
• Treasuries were stable, while oil prices steadied after comments from Donald Trump regarding Iran. Gold and silver saw slight declines.
• Concerns about Middle East tensions and the yen's weakness against the dollar are also being monitored by traders.

Why It Matters: Asian stocks are extending gains for a fourth week, fueled by strong tech performance and AI investments.