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Asian Stocks Rally on AI Led Tech Gains While Oil Jumps on Iran Risk
Economy
Published on 11 May 2026
Traders shrugged off Middle East tensions as AI stocks surged
Asian markets rose as AI and tech stocks led the climb, with investors appearing to look past Middle East risks despite oil moving higher. Even as inflation worries linger and crude prices add pressure, sentiment stays supported by expectations that corporate profits will benefit from AI spending. Still, traders aren’t fully calm as volatility risk remains.
- AI and tech shares powered the Asian stock advance
- Oil rose on Iran related risk, despite market optimism
- Investors remain focused on AI driven profit expectations
- De escalation bets persist, but volatility could return
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times