Asian shares headed for a sixth straight session of gains on Wednesday, lifted by strong consumer demand for AI apps that boosted tech and memory stocks in South Korea and Taiwan. Oil prices slipped on reports Saudi Arabia restarted its East-West Pipeline and may have resumed Red Sea exports. Hawkish Fed comments kept the dollar firm and two-year Treasury yields at mid-2024 highs.
Asian Stocks Rise for Sixth Day on AI Demand
Source: Reuters