SOUTH KOREA 3-YR TREASURY BOND YIELD RISES 8.9 BPS TO 3.741%, HIGHEST SINCE NOV 2023

HANG SENG CLOSES FLAT, TECH INDEX FALLS 0.35%

Investors are increasingly optimistic about Amazon.com’s AI strategy, pushing its market value toward $3 trillion, with Stephen Lee of Logan Capital Management saying confidence is high that AI will “continue to pay dividends in the form of strong growth over the coming years.” The stock has risen 36% since its March 27 bottom, becoming the fourth-largest contributor to the S&P 500’s 17% gain with a 7.4% impact, while April’s 27% surge marked its best month since 2007.