Global Markets Recover on SpaceX and Super Micro Signals, Asian Tech Slips

Global stock markets recovered yesterday, driven by encouraging signals from SpaceX and Super Micro Computer, though evening earnings reports dampened sentiment. Asian tech shares are under pressure this morning following disappointing results from Lam Research and Meta's plans to increase AI spending. Meta exceeded profit expectations but announced higher AI investment, causing its stock to initially surge 6% before settling at 2% gains. Lam Research plunged over 7% after its outlook failed to satisfy investors. Oil prices near $111 per barrel, up 80% since January, are fueling inflation and central bank rate hikes, raising concerns about AI project financing costs. Asian markets fell sharply, with South Korea's KOSPI down 3.6% and Hong Kong's Hang Seng dropping 3%. European and US futures point to cautious openings. About 50 European and 30 US companies report earnings today, including Nestlé, Roche, Procter & Gamble, and Spotify.