Omo, make I gist you the latest for the east! Asian market dey do like mixed pepper soup today as TSMC, the big boy for chipmaking, don announce serious profit jump wey gree boost confidence for AI matter.
After Wall Street don rebound from two down days, everywhere just dey jolly. TSMC wey be the king of chipmaking, drop forecast wey pass wetin market expect. Dem don show say AI technology dey hot, and dem no wan cool down!
Na why Taipei stock market just dey surge like say dem see sweet jollof rice. Government even do trade agreement with US wey go help promote Taiwan chip industry plus cut dem tariffs. Economic Minister Kung Ming-hsin talk say Taiwan go still dey lead for the advanced chip production.
But abeg, no be all person dey carry jolly mood. Some market people dey fear say this AI bubble fit burst. But TSMC dey prove say demand for AI technology still dey strong, as dem shares don jump by 4.4% for Wall Street and another 3% on top for Taipei.
Analysts dey chop the gist everywhere! One analyst, wey get name Gavin Friend, don talk say TSMC capital spending forecast dey on point. People dey reason am, how long this AI boom go last? But him talk say TSMC get better plans for the next three years. This one fit give AI stocks the boost wey dem need.
Meanwhile, oil price dey maintain calm, as Prez Trump don step back from any military wahala for Iran. Redemption dey near for those wey no wan see trouble, and markets dey relax small.
As traders dey eye Asia, dem dey komot eye Tokyo, wey get Bank of Japan policy decision about to drop. Yen don dey soft against dollar as traders dey expect dem to keep things steady.
Tokyo and Shanghai don close down small, but places like Sydney, Wellington, Mumbai, and even Seoul dey groove up! Oil price no dey shift much as peaceful news dey fly around. President Trump don position make Iran stop some wahala for their people. Na so oil steady for the market.
Wrapping up, if you dey look market trends, make sure to watch how this TSMC matter dey affect AI and tech stocks. Dem don show us say AI no go just waka like that!
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