iSAM Expands UK Presence with Move to New London Headquarters

Technology stocks in Asia rose in anticipation of Nvidia Corp.’s earnings, seen as a key indicator of chip demand and the sustainability of the global stock rally that began in April. The focus on artificial intelligence (AI) intensified, with Chinese AI leader Cambricon Technologies Corp. surging 10% to a record high after reporting strong profits, while Nikon Corp. jumped 21% amid speculation that EssilorLuxottica SA will increase its stake.

The U.S. dollar initially weakened by up to 0.3%, and gold prices rose by 0.6% after President Donald Trump attempted to oust Federal Reserve Governor Lisa Cook over allegations of falsified mortgage documents.

Global equities paused after a record-breaking run, with technology stocks leading declines. Nasdaq futures fell 0.5% after the index’s sharpest drop since April’s tariff shock, while S&P 500 contracts slipped 0.3% and Euro Stoxx futures lost 0.6%. Asian shares retreated 0.8%, led by TSMC and SoftBank, though Chinese markets held firm near decade highs.