July 23, 2026 8:12 AM
Asian stocks rise after US tech earnings, oil at six-week highs
Asian stocks rose on Thursday after U.S. technology firms outlined significant capital spending plans that are likely to benefit chipmakers in the region, while the escalating war in the Middle East sent oil prices to six-week highs. Rising oil prices have also renewed inflationary concerns, pushing short-term U.S. Treasury yields to 17-week highs as traders wager the Federal Reserve may need to raise interest rates sooner rather than later. Brent crude futures rose 2% to $96 per barrel in ear...