{
  "id": 624934,
  "title": "Asian tech stocks rise as oil advances; South Korea’s Kospi up 2.8%",
  "url": "https://urgent.news/2026/08/12/asian-tech-stocks-rise-as-oil-advances-south-koreas-kospi-up-2-8",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T02:45:35.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asian-tech-stocks-rise-oil-advances-south-koreas-kospi-2-8"
  },
  "original_language": "en",
  "account": "Asian technology stocks surged on Tuesday as crude oil rose, despite strained negotiations over the Strait of Hormuz. Nvidia-backed CoreWeave led technology gains with a 16% jump in extended trading, buoyed by strong artificial intelligence spending. Super Micro Computer also rallied 7.6% after exceeding revenue forecasts. The MSCI Asia-Pacific equities index rose 0.4%, driven by South Korea's Kospi Index, which jumped 2.8%. US equity-index futures showed little change. Financial markets remained cautious ahead of the US inflation data release, with geopolitical risks and Fed rate decisions weighing on sentiment. The yen held steady near 159.33 against the US dollar, while gold recovered from Tuesday's losses. The upcoming US CPI report may provide clarity for the Federal Open Market Committee's September interest rate decision.",
  "summary": "Sentiment towards technology stays buoyant with Nvidia-backed CoreWeave surging 16% in extended trading",
  "key_points": [
    "Asian tech stocks rise with oil prices",
    "South Korea's Kospi up 2.8%",
    "Nvidia-backed CoreWeave leads gains"
  ],
  "editors_take": "The surge in Asian tech stocks, led by Nvidia-backed CoreWeave and Super Micro Computer, suggests investors are betting on the sector's growth driven by artificial intelligence spending.",
  "illustration": "https://urgent.news/ill/624934.png",
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Bourse operator issues buy-side sidecar on KOSPI's sharp rise",
        "url": "https://urgent.news/2026/08/12/urgent-bourse-operator-issues-buy-side-sidecar-on-kospis-sharp-rise",
        "published": "2026-08-12T03:02:31.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "KRX activates buy-side sidecar for KOSPI on sharp rise",
        "url": "https://urgent.news/2026/08/12/krx-activates-buy-side-sidecar-for-kospi-on-sharp-rise",
        "published": "2026-08-12T04:12:03.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Asian stocks trade mixed amid Iran deal uncertainty; tech rally boosts KOSPI and China",
        "url": "https://urgent.news/2026/08/12/asian-stocks-trade-mixed-amid-iran-deal-uncertainty-tech-rally-boosts",
        "published": "2026-08-12T05:28:06.000Z"
      },
      {
        "outlet": "Private Equity Wire",
        "title": "TPG agrees $925m deal to acquire South Korea’s Lotte Rental",
        "url": "https://urgent.news/2026/08/12/tpg-agrees-925m-deal-to-acquire-south-koreas-lotte-rental",
        "published": "2026-08-12T08:28:29.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "South Korea’s SK Shipping, H-Line swap tankers to create LNG giant",
        "url": "https://urgent.news/2026/08/13/south-koreas-sk-shipping-h-line-swap-tankers-to-create-lng-giant",
        "published": "2026-08-13T02:39:16.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "South Korea’s Kospi has staged a stunning comeback. How long will the bull market last?",
        "url": "https://urgent.news/2026/08/13/south-koreas-kospi-has-staged-a-stunning-comeback-how-long-will-the",
        "published": "2026-08-13T04:22:36.000Z"
      }
    ]
  },
  "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."
}