Wrap Asia

Asian chipmakers' record earnings fuel AI frenzy. Samsung's market cap hits $1T, SK Hynix nears $800B. Valuations not stretched.

Nvidia's 65% revenue growth faces P/E of 24. A 25% dip could signal value, but AI's future is key.

Euro stocks rally on earnings, but war risks loom. Energy leads, consumer lags. US stocks favored for resilience.

Maersk's profit plunges 12x YoY despite volume growth; rates & Mideast conflict add risk.

AI boom masks risks: Tariffs & Iran war drive oil to $110, gas to $4.45. Inflation nears 5.6%, Fed may hike rates. S&P 500 faces headwinds.

Asian markets surge on AI boom, hitting records despite oil risks. South Korea's Kospi up 75% YTD!

Diesel price surge accelerates China's EV truck adoption. Sales up 45% YTD, lifetime costs halved vs diesel.