AI Rally Ignites Markets: Asia Hits Record as Traders Look Past Venezuela

Asian equities jumped 1.6% to a historic high on Monday, leading a global surge as investors focused on booming tech shares and largely ignored rising tensions from the U.S. intervention in Venezuela.

Market snapshot:

• Stocks: MSCI Asia Pacific at a record. Chip giants Samsung and TSMC rallied. U.S. and European futures pointed higher.
• Safe havens: Gold rose 2% to $4,419/oz, silver spiked 4.8%.
• Oil and forex: Crude prices fluctuated; the U.S. dollar gained.

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Why it matters: The rally shows investor conviction that the AI-driven earnings boom is stronger than short-term geopolitical risks. “Geopolitical noise fades quickly,” noted a Pepperstone strategist, as the market’s risk-on mood continued unabated.

Looking ahead: Traders await key U.S. jobs data this week for further clues on the economic outlook.

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