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U.S. markets were driven higher by easing Iran conflict fears and a surge in AI and chip stocks, with traders focusing on hopes for peace and continued tech momentum.

Bank of America says Apple may benefit as the AI landscape shifts in a way that favors its strategy.
SpaceX’s IPO filing is boosting enthusiasm for space stocks and creating new ways for investors to get exposure.
Chip stocks are still rallying, and investors are looking for lower-cost ways to participate in the move.
Market commentators say AI could become the biggest productivity improvement in history, with ChatGPT compared to the early internet’s Netscape moment.
Take-Two confirmed the release of Grand Theft Auto VI, giving the gaming stock a major catalyst.
Wall Street is responding to easing Iran-related tensions, helping stocks move higher on hopes of conflict resolution.
BlackRock cautions that traditional diversification may not be working as well as investors expect when stress hits markets.
Salesforce, Snowflake, and other software names are being watched closely for signs that AI demand can drive stronger earnings growth.
Quantum computing and optical networking stocks are seeing volatile moves as investors rotate in and out of high-growth tech themes.
Oil, gas, gold, and other safe-haven or energy-sensitive assets are being re-priced as geopolitical risk and supply concerns dominate sentiment.

Hong Kong stocks were broadly steady as the Hang Seng Index slipped just 6 points, while Lenovo surged nearly 18% to a record high and supported active turnover.

Pony.ai widened its first-quarter non-GAAP net loss to US$40.86 million, but raised its full-year guidance, sending its pre-market shares up more than 5%.
It was reported that Silicon Intelligence is considering a secondary listing in Abu Dhabi.
MINISO posted first-quarter net profit of RMB 1.251 billion, up 200.4% year on year, while adjusted net profit fell 5.9%.
Horizon Robotics said it split off a new robot company called Digua Robotics to help create spillover effects from its auto ecosystem.
The Securities and Futures Commission said Weiye Holdings has highly concentrated shareholding.
Lenovo Group surged 15.5% to a record high amid stronger brokerage ratings, target prices, and bullish commentary.
SoftBank Group rose 10.9% after SMBC Nikko Securities lifted its target price.
Nomura raised its target price for CStone Pharmaceuticals to HK$544.42 on encouraging lung cancer data.
The Hang Seng Index ended down 6 points, while the Hang Seng Tech Index rose 77 points; Meituan fell more than 3% as several tech and industrial names hit new highs.
Major market themes included AI-driven semiconductor recovery, autonomous driving progress, EV growth, capital-raising and IPO activity, plus policy developments in transport, healthcare, labor protection, and consumption.

Japan’s stock market surged to a historic first close above 65,000 as easing U.S.-Iran tensions boosted risk appetite and drove strong buying in AI and semiconductor shares.

The three major life insurers posted record profits, boosted by a stock market rally and strong overseas group performance, with higher dividend income from rising share prices.
Deputy Bank of Japan Governor Uchida has been discharged from the hospital after leukemia treatment and is expected to return to work on the 27th, while also using remote work.
The government kept its May economic assessment unchanged, saying the economy is recovering moderately while closely watching the Middle East; GDP also remains solid.
The Tokyo Stock Exchange fell 162 yen as investors took profits amid concerns that the market had risen too far, briefly dropping below 65,000 yen.
Leadership changes were announced at three government-affiliated financial institutions, including the Development Bank of Japan and the Japan Finance Corporation.
The Tokyo market later dropped as much as 500 yen, with profit-taking selling pushing it back below the 65,000-yen level.
The number of Japan-related ships remaining in the Persian Gulf fell to 38, with only one ship carrying three Japanese crew members left, according to the transport minister.
The Nikkei average is accelerating upward, with some observers even expecting 70,000 yen early this year as strength in AI and semiconductors becomes clearer.
The Tokyo market continued rising and closed above 65,000 yen for the first time, after temporarily gaining more than 2,000 yen on hopes of progress in U.S.-Iran talks.
Additional business and industrial news highlighted concerns over supply disruptions, defense-sector profitability, railway AI adoption, lunar cargo transport plans, sustainable rolling stock expansion, submarine cable protection, Shizuoka’s Linear Chuo Shinkansen construction process, warnings about AI deepfakes, and shareholder pressure at KADOKAWA.

Bitcoin is trading on the sidelines while broader markets surge on Iran peace hopes, leaving crypto sentiment mixed despite ongoing institutional buying and new product launches.

Bermuda is positioning itself as a small island nation with unusually large ambitions in the crypto sector.
Coinbase’s Base has introduced an AI tool that lets ChatGPT help manage crypto wallets and interact with DeFi applications.
The XRPL ecosystem could make a major DeFi breakthrough if the proposed AMM amendment is approved.
The Clarity Act may not drive broad crypto adoption unless it is paired with meaningful tax reform.
TeraWulf’s shares rose after the company expanded its AI data center plans in Kentucky.
Bitcoin traded quietly while broader markets moved higher on hopes for peace in Iran.
Bitmine bought a large amount of ETH, marking its biggest purchase of the year despite Tom Lee’s slower-growth warning.
The CoinDesk 20 index weakened, with SUI leading the decline.
Strive increased its bitcoin holdings by adding 1,109 BTC, bringing total reserves to 16,500 coins.
Strategy used cash reserves to pay off $1.5 billion in convertible debt.

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