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Asian markets hold steady amid Gulf tensions as AI bubble worries dominate investor sentiment

Executive summary: Asian stock indexes such as the Nikkei and Topix remained stable despite renewed Iran‑U.S. attacks and a broken Gulf ceasefire, while market chatter focused on fears of an AI bubble bursting. The muted reaction to geopolitical stress highlights how AI‑valuation concerns are currently outweighing traditional risk factors, influencing investor positioning and market pricing.

Who is involved: Asian equity investors, Iran and the United States, AI sector companies, and Middle East oil markets.

Likely next: Markets will watch for further escalation in the Gulf, upcoming AI earnings reports that could confirm or dispel bubble fears, and any OPEC+ production decisions affecting Middle East output.

Despite fresh Iran‑U.S. clashes and a broken Gulf ceasefire, Asian equity indices showed little reaction, indicating that traders are currently more concerned about the prospect of an AI‑driven market correction. The stability suggests that geopolitical risk premiums are being eclipsed by tech‑valuation anxieties, which could shift capital flows toward safer assets or provoke volatility if AI fears materialize.

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