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China Tech Buzz

Global News Impacting Chinese Tech

Iran deal optimism as AI

News Snapshot:

Despite ongoing military strikes in the Persian Gulf, Asian stocks rose on Wednesday as speculators clung to hopes that the US and Iran would reach a peace agreement.Australia's and Japan's gauges improved, contributing to a 1% increase in the MSCI Asia Pacific Index. Following the S&P 500's all-time high closing due to prospects of an agreement, US equity-index futures also increased by 0.1%. Leading the way were chipmakers, such as Micron Technology Inc., whose market capitalisation surged 19% to surpass $1 trillion. Asia also saw a focus on tech shares, with South Korea, a gauge of investments in AI, jumping…

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