# Asian stocks were up 0.4% near their record as traders remained bullish on AI trade.

*semiconductor · news · 2026-05-12 · CNBC TV18*

## Key points

- South Korea's chipmakers, including Samsung and SK Hynix, are expected to benefit from global AI expansion.
- Brent crude prices exceeded $104 per barrel due to stalled negotiations and a key waterway closure.
- US Treasury yields held at 4.42% as rising oil prices pressured global bond markets.
- Multiple Wall Street strategists have raised S&P 500 year-end targets citing strong Q1 earnings and AI momentum.
- The Indian government is considering curbing imports of gold and electronics to support forex reserves.

**Companies:** Samsung Electronics Co., SK Hynix Inc.
**Countries:** South Korea, United States, Iran, Japan, Australia, India

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/asian-shares-rise-oil-prices-gain-on-iran-deadlock-ws-l-19903514.htm)

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