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(Bloomberg) — Asian stocks tracked Wall Street higher as renewed enthusiasm for the artificial-intelligence trade drove the S&P 500 to a ninth day of gains. The yen traded close to the 160-per-dollar level.
Stocks rose in Japan and Australia, with South Korean markets shut for a holiday. The MSCI Asia Pacific Index climbed 0.2%. On Tuesday, the S&P 500 Index closed at an all-time high after notching its longest winning streak since May as a gauge of chipmakers surged nearly 6%.
A sense of caution came as Brent crude rose 0.8% to $96.75 a barrel, amid reports of missile strikes. US forces defeated multiple Iranian ballistic missiles and drones, and conducted self-defense strikes on Qeshm Island in response to attempted attacks by Iran across the Middle East on June 2, according to a statement from the US Central Command.
The dollar also strengthened against all its Group-of-10 peers. Bitcoin slid to around $66,700.
