Asian stocks rebounded, led by South Korea's Kospi, as Middle East tensions eased and artificial intelligence shares recovered. Wall Street also saw gains, with chipmakers like Nvidia climbing. Investors returned to risk assets, signaling confidence in the ongoing bull market despite recent volatility and inflation concerns.

Korea's chip-heavy KOSPI, the world's best-performing market this year, led losses in Asia with a 5% slide

(Bloomberg) -- Asian stocks rebounded from their biggest drop since March as tensions in the Middle East eased and a selloff in artificial intelligence shares abated.