Asian stocks are poised to open higher, following Wall Street's upward trend, as President Donald Trump's comments eased fears of a prolonged conflict with Iran. Oil prices slipped in response, while the Japanese yen strengthened. Equity-index futures for Japan, South Korea, and Australia all indicated a positive start to trading.
The S&P 500 Index broke a three-day losing streak, and the technology-heavy Nasdaq 100 saw a 0.2% increase, driven by dip buyers entering the market. Technology shares remain a key area of focus, with Broadcom Inc. predicting a significant boom in the sector.
Chevron Corp. CEO Mike Wirth discussed a $7 billion investment in Venezuela through joint venture partnerships, an initiative supported by the Trump administration to revitalize Venezuela's oil industry. This development was shared by Wirth with Bloomberg's Tyler Kendall in Caracas.
