Semiconductor stocks led a second day of gains on AI optimism, while the yen slid past 163 per dollar for the first time since 1986.

Asian semiconductor shares rebounded hard, a five-day ETF inflow streak passed $600 million, and oil pulled back on Middle East diplomacy.

Semiconductor stocks led a second day of gains on AI optimism, while the yen slid past 163 per dollar for the first time since 1986.