Asian stock markets rebounded across the board, with South Korean stocks rising 4%, Japanese stocks rising 1%, and crude oil prices retreating.

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Asian stock markets stabilized and rebounded on Tuesday, ending three consecutive days of declines. Easing tensions in the Middle East and a waning wave of sell-offs in the artificial intelligence sector jointly boosted market sentiment.

The MSCI Asia-Pacific Index climbed 0.7%, marking its first rise in three days. Among them, the Korea Composite Stock Price Index led gains, rebounding sharply by about 4%, while the Kosdaq Index rose 3.7%.

Japan's Nikkei 225 index once surged more than 1%, while the Topix index rose 1.22%.

Meanwhile, Australia’s S&P/ASX 200 Index dropped 1.33% after resuming trading following the holiday, showing relatively weak performance.

Brent crude oil prices fell 0.4% to below about $94 per barrel, reflecting eased market concerns over Middle East supply risks. Gold slipped 0.1% to about $4,325 per ounce, and the Dollar Index barely moved.

Behind this round of rebound, Iran and Israel agreed to mutually ease their retaliatory actions, providing support for markets previously pressured by escalating geopolitical conflict. Meanwhile, the overnight rebound in U.S. chip stocks also brought a positive spillover effect to the Asian technology sector. On Monday, the U.S. S&P 500 index rose 0.3%, and the Nasdaq Composite added 0.86%, partially recovering losses from last week’s tech stock plunge.

Easing Middle East Situation, Market Sentiment Restored

The phased easing of the Iran-Israel situation is an important catalyst for the current rebound of Asian stock markets. Iran's Foreign Ministry stated that the Iranian military has ceased strikes against Israel, but if Israel continues to attack Lebanon, hostilities will resume. Trump posted on Truth Social that Israel and Iran "are seeking an immediate ceasefire."

However, the market remains cautious in its judgment of the situation. Whether the energy corridor of the Strait of Hormuz can truly resume unimpeded operation remains the focus of traders. A small number of commercial vessels have returned to the passage over the past weekend, but risks persist, with some vessels even sailing with their digital responders turned off.

AI and Chip Trades Reignite, but Sustainability in Question

The brief stabilization of the artificial intelligence and chip sectors provided significant support for Asian tech stocks. In the U.S., chip stocks led gains in the S&P 500 index on Monday, while the Nasdaq Composite rose nearly 0.87%.

However, opinions diverge on the sustainability of this trend. Brian Kersmanc, portfolio manager at GQG Partners, commented on CNBC, "In the long run, the question is sustainability—how long can this trend last?" He further pointed out, "At the end of the day, a lot of chip products are essentially commodities. If certain memory chips have surged fifteen-fold in price over the past year, converting that to energy prices would mean crude oil rising from $60 per barrel to $900 per barrel—how many people would be willing to buy energy stocks by then?"

Bull-Bear Disagreement Intensifies, Divergent Institutional Views

Institutional investors have become notably divided on the outlook. According to Bloomberg, Morgan Stanley’s strategist Mike Wilson maintains a constructive stance, believing that corporate earnings and robust economic data continue to support the bull market, and stated, "Markets rarely rise in a straight line at the speed seen since the March lows—a pullback is inevitable and is healthy for sustaining a bull market until year-end."

Citigroup’s team led by strategist Scott Chronert upgraded the S&P 500’s year-end price target following a "substantial upward revision" of earnings expectations. UBS Global Wealth Management’s Mark Haefele stated, "We do not believe investors will lose faith in the prospects of AI, despite recent pressure on tech stocks, as the fundamentals remain solid."

On the other hand, Bank of America Securities’ team led by strategist Savita Subramanian takes a cautious approach, noting in a June 5 report that an increasing number of "bear market signals" indicate a market top is near, recommending investors to "take profits," as there are currently "too many red flags."

Risk Warning and DisclaimerThe market is risky; investment requires caution. This article does not constitute personal investment advice and does not take into account individual users’ special investment objectives, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing accordingly is at your own risk. ```