Global Stock Markets Rise: AI Boom and Falling Oil Prices
Strong interest in Meta's new AI agent Muse, critical talks between the US and China, and falling oil prices have driven upward momentum in global stock markets.
Markets rallied, led by technology stocks, driven by record downloads of Meta's AI agent Muse, trade and AI discussions between US and Chinese officials, and a drop in crude oil prices.
Rise Driven by Meta's Muse App
Meta, the parent company of Facebook, launched its free AI agent Muse earlier this month, which claimed the top spot on download charts and caused the company's shares to gain 11% in value.
Capable of booking travel, sending emails, and shopping, Muse is designed for users without technical knowledge and operates either as a dedicated app or within WhatsApp using human-like communication logic.
Positive Outlook in Asian and American Stock Exchanges
Asian markets traded broadly in positive territory; South Korea's technology-heavy Kospi index rose 1.7%, and Taiwan's Taiex index gained 1.4% in early trading.
These gains followed a strong session on Wall Street, where the Nasdaq index ended the day with a 2.3% increase.
Strategic Talks Between the US and China
Investors are awaiting the summit scheduled for Thursday between US President Donald Trump and his Chinese counterpart Xi Jinping, which is expected to focus on trade between the world's two largest economies.
Chinese Chief Negotiator He Lifeng and US Treasury Secretary Scott Bessent discussed establishing a communication channel to address AI concerns during a period marked by a race for technological supremacy.
Impact of Falling Crude Oil Prices
Another factor supporting market optimism was the decline in crude oil prices; oil prices fell by about 4% after Trump stated during the UN General Assembly that he was open to meeting with Iranian President Masoud Pezeshkian.