From today’s early trading session, Asian stocks have clearly strengthened, with the MSCI Asia Pacific Index up more than 1%. Stocks in Korea, Taiwan, and China’s tech sector are all rising as well. The reasons behind it are also simple: oil prices are down, U.S. Treasury yields have fallen, a China-U.S. summit is approaching, Iran and the U.S. may resume negotiations, AI sentiment has picked up again, and more. These “A-sans” have already done breakdowns of all these before. Personally, the most worth focusing on is this: the market was still trading the war, oil prices, and rate hikes last week—so why today has it suddenly started pricing in AI and risk assets again? It looks like the market is re-pricing the worst-case scenario downward.