Oil jumps above US$107 as Asia sells off, Fed and BOJ rate decisions now collide with a fresh energy shock Markets are opening the week under renewed pressure. Brent crude has jumped about 3% to above US$107 , Asian equities are falling sharply, and U.S. Treasury yields remain close to 5%. At the same time, investors are preparing for possible rate hikes from both the Federal Reserve and Bank of Japan this week . For investors, the central question has become: Can central banks contain inflation without causing a much larger slowdown when energy prices are surging at the same time? 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,656.98, +0.86% Friday 🇺🇸 Dow Jones +0.98% Friday 🇺🇸 Nasdaq +0.96% Friday 🇲🇾 FBM KLCI 1,686.74, -1.10% Friday 🇯🇵 Nikkei -1.7% Monday morning 🇰🇷 Kospi -3.3% Monday morning 🌏 MSCI Asia ex-Japan -0.8% 🛢️ Brent crude ~US$107.36, +2.6% 🛢️ WTI crude ~US$102.48, +2.4% 🇺🇸 U.S. 10Y Treasury ~4.97% 🥇 Gold ~US$4,336...
Regaining Compliance
Super Micro Computer (SMCI) saw its stock soar 22% in after-hours trading after finally filing its delayed 10-K report and quarterly reports for September and December. This move allowed the company to regain Nasdaq compliance, preventing a potential delisting.
Key Updates from Super Micro’s Financial Filing:
- Revenue for FY2024 (ended June 30) was 0.3% higher than preliminary reports.
- Net income revised down by 4.6%.
- BDO audit confirmed the financial statements are fair, though it flagged internal control weaknesses over financial reporting.
- Super Micro now meets SEC reporting obligations, officially closing the matter with Nasdaq.
Background: Delisting Concerns & Short Seller Allegations
- Super Micro had delayed its filings in August 2024 after Hindenburg Research alleged accounting issues.
- Ernst & Young resigned as auditor in October, citing an unwillingness to be associated with the company's financials.
- BDO was appointed as the new auditor in November, leading to the latest filings.
- This isn’t the first compliance issue—Super Micro was previously delisted in 2018 before being relisted in 2020.
Market Reaction & Outlook
- Stock dropped 11.8% on Tuesday before the filing, reflecting investor uncertainty.
- Despite turbulence, shares remain up 50% in 2025, showing that investors still believe in the AI server company’s potential.
- Analysts warn that institutional investors avoid non-Nasdaq stocks, meaning a delisting could have been a major setback.
Summary:
- Super Micro dodges delisting after filing delayed financials, stock jumps 22%.
- New filings confirm revenue growth but highlight financial control weaknesses.
- Despite past compliance issues, investor confidence in the AI-driven company remains strong.
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