STOCKS | AI Demand Optimism Lifts Japan, South Korea Shares; Shanghai Regains 4,000

U.S.-Iran tensions weighed on U.S. stocks overnight, while U.S. index futures rose further in afternoon trading; Asian markets were mixed, with Japan and South Korea extending gains on renewed optimism over AI-related demand for semiconductor shares, while Taiwan stocks fell again, according to Ming Pao. China released CPI and PPI data in the morning. A-shares turned higher in afternoon trading and closed near the day’s highs, with the Shanghai Composite Index reclaiming the 4,000 level. Hong Kong’s Hang Seng Index and Hang Seng China Enterprises Index rose early before turning lower; losses narrowed late in the session as mainland shares strengthened. The Hang Seng Tech Index rose against the broader market. The Hang Seng Index and HSCEI hit three-week highs in morning trade, while the Hang Seng Tech Index touched a one-month high.