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Asia · Finance

Asia shares rebound as chip selloff eases, oil elevated ahead of US CPI

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Asia-Pacific markets rose in Wednesday morning trade, with Samsung and SK Hynix up over 2% as chip stocks steadied. Brent crude held at $106.6, Treasury yields eased, and markets awaited US CPI data due at 8:30am EDT.

Why it matters

This is the morning snapshot Asian traders are waking up to: chip stocks steadying, oil elevated, bonds rallying — three forces pulling at once. Ahead of tonight's US CPI print, global markets are searching for direction.

Full report

Reuters reports the MSCI Asia-Pacific ex-Japan index rose 0.5% in Wednesday morning trade, the Nikkei added 0.2% and Korea's Kospi climbed 1.8%. Samsung Electronics and SK Hynix both gained more than 2%, while Japan's Kioxia steadied — a breather after Tuesday's chip-led selloff.

Oil stayed elevated: US WTI rose 0.8% to $94.96 a barrel and Brent traded at $106.6, on energy-supply concerns after Houthi missile and drone attacks on Saudi Arabia. In bonds, the 10-year Treasury yield held at 5.221% — the lowest in nearly two weeks — with the 30-year at 5.569%.

Overnight on Wall Street, bank stocks fell after mixed quarterly earnings (Citigroup and peers), with S&P 500 e-minis at 7,858.8. Markets await US CPI data due Wednesday at 8:30am EDT for clues on the Fed's rate path. This report covers verified figures only; no market forecasts.

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