Asian Stocks Climb as AI Rally Lifts Risk Appetite

Asia caught a bid after U.S. AI strength spilled over, while the yen softened even after the BoJ hiked. In the U.S., rate-cut expectations got repriced and mega-cap tech headlines kept traders focused on AI-driven earnings power.

TL;DR:

🌏 Asia rallies; yen slips post-BoJ
🏦 Morgan Stanley axes December cut call
🚗 Tesla restores Musk pay; robotaxi hiring
🤖 Accenture beats; AI tie-up with Palantir

Asia Rallies; Yen Slips Post-BoJ

Asian equities pushed higher, led by Japan’s Nikkei after AI-linked momentum from the U.S. kept risk appetite firm. The yen weakened even with a Bank of Japan rate hike, signaling traders still see policy divergence and uneven follow-through in FX. For markets, that mix favors exporters and keeps global tech leadership in the driver’s seat. Source

Morgan Stanley Axes December Cut Call

Morgan Stanley dropped its December Fed rate-cut forecast after stronger-than-expected jobs data, tightening the window for near-term easing. That’s a direct headwind for long-duration growth when yields firm and the dollar stays supported. Traders will keep treating labor and inflation prints as the swing factor for index direction. Source

Tesla Restores Musk Pay; Robotaxi Hiring Accelerates

Tesla reinstated Elon Musk’s compensation package and ramped hiring tied to its robotaxi push, keeping the stock’s narrative anchored to autonomy execution. The market impact is less about the pay headline and more about whether hiring signals an aggressive timeline for launch and scaling. Expect TSLA to trade on volatility around autonomy milestones and regulatory/operational updates. Source

Accenture Beats; AI Tie-Up With Palantir

Accenture topped fiscal Q1 revenue estimates and announced a strategic AI partnership with Palantir, reinforcing that enterprise AI spend is still a real line item, not just a theme. For traders, beats plus AI partnerships typically support the “services + data platforms” complex when broader tech sentiment is constructive. Watch follow-through in PLTR/ACN relative strength as a read on institutional appetite for AI infrastructure plays. Source

Morgan Stanley Drops December Fed Rate Cut Forecast