Asian shares rise as tech rebound holds, oil slips

Anand Krishnamoorthy / Bloomberg07-06 01:40

Asian shares advanced and US equity-index futures held onto Friday's gains as technology stocks extended their rebound. Oil edged lower.(July 6): Asian shares advanced and US equity-index futures held...

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Oil edged lower.(July 6): Asian shares advanced and US equity-index futures held...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/global-markets/oil-edges-lower-opec-increase-dollar-steady?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asian shares rise as tech rebound holds, oil slips</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsian shares rise as tech rebound holds, oil slips\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-06 01:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/global-markets/oil-edges-lower-opec-increase-dollar-steady?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Anand Krishnamoorthy / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Asian shares advanced and US equity-index futures held onto Friday's gains as technology stocks extended their rebound. Oil edged lower.(July 6): Asian shares advanced and US equity-index futures held...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/global-markets/oil-edges-lower-opec-increase-dollar-steady?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DRLL","symbol_name":"Strive U.S. Energy ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/global-markets/oil-edges-lower-opec-increase-dollar-steady?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2649544622","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/global-markets/oil-edges-lower-opec-increase-dollar-steady?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2649544622","pubTimestamp":1783273218,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Asian shares advanced and US equity-index futures held onto Friday's gains as technology stocks extended their rebound. Oil edged lower.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DRLL":"Strive U.S. Energy ETF","PXE":"Invesco Energy Exploration & Production ETF","IXC":"全球能源业ETF-iShares","BNO":"美国布伦特原油基金有限合伙企业","SCO":"二倍做空彭博原油指数ETF","OILK":"ProShares K-1 Free Crude Oil ETF","FBZ":"First Trust Brazil AlphaDEX Fund","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","OILT":"Texas Oil Index ETF","BK4588":"碎股","AIA":"iShares S&P Asia 50 Index Fund","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","DBO":"原油ETF-PowerShares","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","XLE":"SPDR能源指数ETF","DBC":"商品指数ETF-PowerShares DB","BK4570":"地缘局势概念股","PXJ":"Invesco Oil & Gas Services ETF","UCO":"二倍做多彭博原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","IEO":"iShares Dow Jones U.S. Oil & Gas","EEMA":"iShares","DBE":"能源商品ETF-PowerShares","VDE":"Vanguard Energy ETF","XOP":"油气开采指数ETF-SPDR S&P","FTXN":"First Trust Nasdaq Oil & Gas ETF","UGA":"United States Gasoline Fund LP","USO":"美国原油ETF","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. 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Oil edged lower.(July 6): Asian shares advanced and US equity-index futures held onto Friday's gains as technology stocks extended their rebound. Oil edged lower.\nMSCI's Asia Pacific Index climbed 0.3%, with more than two shares rising for every one that declined. South Korean shares led regional gains, with the nation's benchmark Kospi index climbing 1.8%.\nSentiment towards chipmakers remained robust with Nvidia Inc's server assembly partner Hon Hai Precision Industry Co reporting stronger-than-expected sales. SK Hynix Inc shares rose 1.4% ahead of this week's listing of US$29 billion ($37.47 billion) American depositary receipts. Samsung Electronics Co jumped 4% after a report the company is considering increasing some chip prices.\nOil slipped as energy flows through the Strait of Hormuz persisted and Opec+ signalled higher supplies. Brent fell 0.7% to US$71.65 a barrel as shipping through the US-protected corridor in the waterway showed signs of recovering. Opec+ members also backed another modest rise in collective quotas for next month. The dollar and Treasuries were little changed in early trading.\nMarkets entered the second half of the year on a cautious footing as investors weigh the fallout from the Iran war's energy shock and whether the artificial intelligence (AI)-driven rally can be sustained. Following last week's recovery from a two-day rout in chipmakers, attention has shifted to earnings season for signs that massive spending on AI infrastructure is translating into profits.\n\"Tech stocks and tech-heavy indices in the US and Asia have entered a period of consolidation ahead of the Q2 earnings season,\" said Tony Sycamore, an analyst at IG Markets in Sydney.\nTech stocks remain in focus after losses last week in the US were fuelled by concerns that the AI-driven rally had run ahead of itself. Sentiment appeared to stabilise with equity-index futures for Wall Street gauges holding their gains from Friday, when the US markets were shut for a holiday. \nFutures for the S&P 500 Index rose 0.5%, while those for the Nasdaq 100 climbed 1.2%. \nIn other corners of the market, gold gave up its initial gains to trade around US$4,175 an ounce. Silver rose 0.4% to about US$62.74 an ounce. \nMeanwhile, Goldman Sachs Group Inc revised its yen forecast to 165 per dollar in a year's time from 155 previously. The Japanese currency traded at 161.54 per dollar in early Asian trading.\n\"The broader macro backdrop of higher-for-longer US yields, low recession risk, lingering fiscal concerns, and only gradual BOJ hikes strongly argues for continued depreciation pressure on the currency,\" Goldman Sachs strategists including Kamakshya Trivedi wrote in a note.\nThe won was also in focus. The Korean currency was little changed after rebounding late Friday from its weakest level against the dollar since 2009 after a person familiar with the matter said the nation's officials were preparing for currency flows related to SK Hynix's ADR offering.\nThe move to 24-hour trading for the currency is the centrepiece of Seoul's years-long push to improve foreign investors' access to local markets and bolster the case for an upgrade to MSCI Inc's developed-market index.\nTreasuries were steady as cash trading resumed following Friday's holiday. The US sovereign debt market faces a test of investor demand for longer maturities this week, with auctions of 10- and 30-year Treasuries highlighting an otherwise light week for economic events. \nThe auctions come as minutes from the Fed's June meeting will be closely parsed after Chair Kevin Warsh tempered his hawkish inflation stance last week. Traders trimmed expectations that a hike was imminent following softer-than-expected jobs data and Warsh's comment that inflation pressures had eased.\nCorporate news:\n\nNvidia Corp's server assembly partner Hon Hai Precision Industry Co reported a bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further.\nSamsung Electronics Co plans to raise average third-quarter DRAM prices by about 20% from the previous three months and has verbally notified some customers, China Business News reported on Saturday, citing unidentified people familiar with the matter.\n\nSome of the main moves in markets:\nStocks\n\nS&P 500 futures rose 0.5% as of 9.41am Tokyo time\nHang Seng futures fell 0.2%\nNikkei 225 futures (OSE) fell 0.2%\nJapan's Topix rose 0.8%\nAustralia's S&P/ASX 200 was little changed\nEuro Stoxx 50 futures were little changed\n\nCurrencies\n\nThe Bloomberg Dollar Spot Index was little changed\nThe euro was little changed at US$1.1440\nThe Japanese yen fell 0.1% to 161.53 per dollar\nThe offshore yuan was little changed at 6.7840 per dollar\n\nCryptocurrencies\n\nBitcoin rose 1.4% to US$63,570.06\nEther rose 0.5% to US$1,784.99\n\nBonds\n\nThe yield on 10-year Treasuries declined one basis point to 4.47%\nJapan's 10-year yield advanced 1.5 basis points to 2.795%\nAustralia's 10-year yield was little changed at 4.79%\n\nCommodities\n\nWest Texas Intermediate crude fell 0.5% to US$68.33 a barrel\nSpot gold rose 0.2% to US$4,184.99 an ounce\n\nUploaded by Chng Shear Lane","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2649544622","isCrawlerRequest":true}