Tension Ahead of Fed Rate Decision: GPT-6 Tech Rallies Asian Markets

10:47 - 7.09.2026


September 7, Fineko/abc.az. Stronger-than-expected U.S. non-farm payrolls (+162K) have pushed swap market probabilities for a Fed rate hike above 50% ahead of the September 15–16 FOMC meeting. The data sent 2-year U.S. Treasury yields up by 8 basis points and snapped the S&P 500's winning streak, even as tech shares offered resilient support.

Key market takeaways:

  • GPT-6 Boost: OpenAI's launch of its next-generation GPT-6 (Astra) architecture sparked optimism around AI computing power demand, driving the Philadelphia Semiconductor Index up 3.4%.
  • Asian Equities Surge: Wall Street's tech momentum spilled into Asian trading, pushing the MSCI Asia Pacific Index up 1.1%, spearheaded by rally-leading gains in chipmakers SK Hynix and Samsung Electronics.
  • Commodities & Forex: Amid U.S.-Iran tanker disputes, Brent crude traded near $97/bbl and WTI near $92/bbl, while the Bloomberg Dollar Index remained flat.

Investors are now awaiting Friday's U.S. CPI release, which analysts view as the ultimate trigger for the Fed's monetary stance.