Global Market Today: Asian stocks rise following chip rally, oil slips

Asian stocks edged higher with the MSCI Asia Pacific Index up 0.5%, led by a 2.6% rally in South Korea's Kospi, though the regional benchmark was still set for a weekly loss. SK Hynix raised 26.5 billion dollars in an American depositary share offering to fund AI-related capex, while Nasdaq 100 futures slipped 0.4% signalling caution. Brent crude fell 0.3% to about 76 dollars a barrel and the US 10-year yield held at 4.55%, as investors weighed inflation, interest rates and geopolitics ahead of upcoming earnings that will test tech-led profit growth.