Asian equity markets posted sharp gains on Friday, driven by a surge in chip and artificial intelligence stocks that overshadowed concerns over escalating tensions in the Middle East.
The rally came as tit-for-tat attacks between regional actors further eroded a fragile three-week-old ceasefire, raising fresh questions about the stability of energy supplies through the Strait of Hormuz.
Despite the geopolitical backdrop, investors appeared willing to look past the immediate risks to shipping and oil prices.
The technology sector led the charge, suggesting that market sentiment remains focused on growth drivers rather than near-term supply chain disruptions.
This divergence highlights a growing resilience in risk appetite, even as the ceasefire framework continues to face pressure.
The renewed violence has brought the spotlight back on oil prices and their potential impact on global inflation and interest rate outlooks.