Asian Stocks Rise After AI Rally Spurs US Gauges: Markets Wrap

Asian stocks rose after Wall Street gauges hit records, buoyed by enthusiasm around the artificial intelligence trade. Oil rose, while Treasuries headed for a weekly loss amid concerns about inflation.

Stocks in Taiwan jumped 1% in early trading, helping the broader MSCI Asia Pacific Index climb 0.2%. The gauge remains on track for a sixth straight weekly advance, its longest winning streak since late January. US equity-index futures reversed earlier gains, falling 0.1% after the underlying gauges closed at record highs on Thursday.