US equities rebound led by tech and energy sectors, while Asian markets underperform amid AI-driven investor demand and geopolitical tensions.
US stock indices closed higher, driven by gains in technology and energy sectors, offsetting declines in most other industries. The rebound followed a mixed global session where Asian markets weighed on broader indices before later recovering.
The AI sector remains a key focus, with OpenAI filing confidentially for a US IPO targeting a valuation of up to USD 1 trillion. Reuters reports a potential listing as early as September, intensifying competition for investor capital alongside planned debuts from Anthropic and SpaceX.
Oil price movements and Iran-related news also influenced markets, contributing to sector divergence. European futures opened slightly lower, reflecting cautious sentiment ahead of further developments.