Asia’s Mixed Open Follows U.S. Tech Pop As Investors Weigh AI Boost Against Macro Cross-Currents

Regional equities diverged after Wall Street’s tech-led climb, where enthusiasm around Amazon’s $38B OpenAI infrastructure pact and Nvidia allocations lifted megacaps. Despite that impulse, S&P 500 futures slipped 0.5%, reflecting uneven breadth with more than 300 index components retreating. Asia’s tone stayed cautious as participants assessed earnings risk, Fed path ambiguity, and energy curve stability after OPEC+ kept output increases on hold. Portfolio managers favored patience over chasing beta, focusing on balance-sheet quality and cash-flow visibility while awaiting a clearer read from U.S. data and guidance from regional technology supply chains.