Asian Stocks Poised to Track US Tech-Led Rebound: Markets Wrap

Stocks in Asia looked set to climb after a rally in boosted Wall Street, easing some concerns about the disruptive impacts of artificial intelligence .

Equity index futures signaled solid openings in Sydney, Tokyo and Hong Kong. In the US, a rebound in battered software stocks drove the up 1.1%, while the S&P 500 also advanced, supported by an improvement in consumer confidence . Short-dated bonds underperformed. Gold and oil fell.

jumped about 9% on ’s plans to spend billions on its gear. Weeks after Anthropic PBC sparked a market meltdown with the release of tools that raised questions about AI’s potential to render entire businesses obsolete, the startup said it’s expanding the reach of its Claude chatbot into new sectors.

AI Disruption Means Risk for Some, Opportunities for Others

It also highlighted how Claude integrates rather than displaces existing systems, noted Adam Crisafulli at Vital Knowledge.

“This ‘we’re here to help, not hurt’ message from Anthropic is helping to trigger a fairly healthy rebound rally in software,” he said.

Traders are also bracing for ’s results on Wednesday, expecting the chipmaker to trounce expectations. The report will follow its recent lackluster stock performance driven by investors rotating away from megacaps.

This week’s earnings will either “calm or exacerbate” AI fears, said at Kerux Financial. “We won’t have all of the answers this week, but worried investors are hungry for clarity.”

Before the chipmaker’s results, President Donald Trump will deliver the State of the Union address Tuesday evening local time, laying out his administration’s priorities for the year ahead.

The rose 0.8%. The yield on 10-year Treasuries was little changed at 4.03%. The wavered. Gold retreated after four days of gains, while oil fell for a third day.

In Asia-Pacific, an Australian inflation report is forecast to show a slight easing in the headline growth rate, though it will likely remain above the central bank’s target band. Meanwhile, the Bank of Thailand is expected to keep its benchmark rate unchanged.

The yen was steady in early trading, following declines on Tuesday as local media that Japanese Prime Minister Sanae Takaichi voiced apprehension over more rate hikes in a meeting with Bank of Japan Governor Kazuo Ueda last week.

Some of the main moves in markets:

Stocks

Currencies

Cryptocurrencies

Bonds

Commodities

This story was produced with the assistance of Bloomberg Automation.