{
  "id": 155185,
  "title": "Asia shares surge on tech mood swing, oil retreats",
  "url": "https://urgent.news/2026/08/05/asia-shares-surge-on-tech-mood-swing-oil-retreats",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T01:36:51.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/asia-shares-surge-tech-mood-swing-oil-retreats-6299561"
  },
  "original_language": "en",
  "account": "Asian stock markets surged on August 5, 2021, driven by strong earnings reports and increased demand for technology stocks, pushing Wall Street to new record highs. Japan's Nikkei climbed 3.0 percent and South Korea contributed 3.4 percent, maintaining a volatile trend. The MSCI Asia-Pacific index, excluding Japan, rose 1.5 percent. Investors profited from Advanced Micro Devices (AMD), even as its results exceeded expectations, resulting in a 9 percent drop in the chipmaker's shares.\n\nHowever, the momentum waned for artificial intelligence (AI) stocks, including SpaceX, amid concerns over substantial capital expenditures (capex) spending. Broker Chris Weston noted that SpaceX's ambitious investment program necessitates additional funding, which could impact investors in the coming quarters.\n\nThe Nasdaq and S&P 500 futures declined slightly, while Euro Stoxx 50, DAX, and FTSE futures gained. Oil prices, on the other hand, declined, alleviating inflation concerns and boosting global bond yields. 10-year Treasury yields fell to 4.6187 percent, down from last week's peak of 4.747 percent, and market participants lowered their expectations of a September Federal Reserve rate hike to 57 percent.\n\nCurrencies exhibited subdued movement, with the New Zealand dollar slipping slightly due to increased unemployment and the euro remaining relatively stable. U.S. Treasury Secretary Scott Bessent expressed confidence in the Bank of Japan's Governor Kazuo Ueda, suggesting further interest rate hikes were a possibility.",
  "summary": null,
  "key_points": [
    "Asian stock markets surged on August 5, 2021, driven by strong earnings and tech demand",
    "MSCI Asia-Pacific index rose 1.5 percent, excluding Japan's Nikkei's 3.0 percent gain",
    "Oil prices declined, easing inflation concerns and boosting global bond yields"
  ],
  "editors_take": "Gains in Asian tech stocks, driven by strong earnings and increased demand, are tempered by concerns over high spending, while falling oil prices alleviate inflation worries and influence bond yields and rate expectations.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Asia shares climb as tech mood swings, oil retreats",
        "url": "https://urgent.news/2026/08/05/asia-shares-climb-as-tech-mood-swings-oil-retreats",
        "published": "2026-08-05T01:36:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}