How Tech Earnings and Geopolitics Drove Kospi to Record High and Nasdaq Futures Up — Market Wrap May 4

Today's AI insights from 7horns.ai highlight a strong Asian tech rally leading global markets on May 4, 2026. South Korea's Kospi surged up to 4.7%, hitting a new record high, propelled by Samsung Electronics' 4.8% gain. Taiwan's Taiex followed closely with a 4.6% rise, while Hong Kong's Hang Seng climbed 1.5%. This momentum stems from robust tech earnings and easing geopolitical tensions, pushing MSCI's Asia ex-Japan equities gauge 1.5% higher near its February peak. Meanwhile, US futures show a mixed but modestly positive tone, with Nasdaq 100 futures up 0.29% and S&P 500 futures up 0.1%, suggesting a quiet open. Friday's US session saw the Nasdaq Composite close at an all-time high, rising 0.89%, while the S&P 500 gained 0.28%. Notable movers include Nebius Group surging 3.47% pre-market after a $7 billion payment from Microsoft and a major acquisition, alongside Reddit's 1.37% pre-market rise following a 69% revenue jump. Commodities saw crude oil prices drop nearly 3% on Friday. AI insights powered by 7horns.ai — the world's first true AI research financial assistant. Our CNN machine learning model delivers daily stock market analysis with over 60% accuracy, beating the S&P 500 by 300% from 2021–2025. No human emotions, just pure AI-driven financial research. Visit 7horns.ai for your free daily AI insights.