Asian tech stocks were set to extend a month-long rally on Thursday as investors stayed upbeat on earnings into Apple’s results, while the U.S. dollar remained under pressure despite fresh verbal support from U.S. and European officials.
Risk appetite in Asia has been anchored by continued strength in large-cap technology names and AI-linked supply chains, even as traders waited for Apple’s numbers for cues on global consumer demand and the health of the broader tech cycle.
Safe-haven demand, however, continued to dominate commodity markets. Spot gold climbed to a fresh record around $5,375 an ounce, while spot silver hit an 11-year high near $37, underscoring the ongoing rush into hard assets.
Oil prices also pushed higher, reaching four-month peaks after U.S. President Donald Trump warned Iran of possible attacks if it did not reach an agreement on nuclear weapons. Brent crude was last around $78.09 a barrel and U.S. West Texas Intermediate near $74.91.
Currency moves were comparatively subdued but still pointed to a fragile dollar tone, with traders balancing official reassurances against concerns about growth, policy uncertainty and geopolitics.
