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AI Rally Meets Oil Pressure | Tulsa News
Asian markets surged today, echoing Wall Street’s gains, with Japan’s Nikkei soaring on strong trade data and a weaker yen, while Australia and South Korea climbed—though Hong Kong dipped slightly and Shanghai edged up. AI stocks rebounded strongly, led by Micron and Nvidia, reigniting investor confidence in the tech boom. Yet, rising oil prices—Brent crude now above $92 a barrel—threaten inflation and add pressure on energy-dependent economies like Japan, potentially prompting central banks to hike rates and slow growth. Investors brace for a volatile week amid this mixed bag of momentum and…
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