* Nikkei, Kospi bounce after Wall St hits record

* Oil prices far below recent highs, underpin bonds

* AMD and SpaceX fall after bell, keep Nasdaq futures flat

By Wayne Cole

SYDNEY, Aug 5 (Reuters) - Asian stock markets jumped on

Wednesday as strong earnings and a resurgence of demand for tech

lifted Wall Street to record peaks, while hopes for progress on

opening the Strait of Hormuz dragged on oil prices and bond

yields.

Japan's Nikkei climbed 3.0% and South Korea

added 3.4%, continuing its run of wild swings. MSCI's broadest

index of Asia-Pacific shares outside Japan rose

1.5%.

Not all tech firms benefited equally though.

Investors appeared to be taking profits on AMD even

as its results beat forecasts. Shares in the chipmaker sank 9%

after the bell.

AI and satellite group SpaceX shed 7.5%, undoing

much of a rally in regular trading time, on worries capex

spending was eating up all its cash flow.

This has been a recurring concern for all AI stocks given

the vast cost of compute power, with borrowing costs for the

sector continuing to rise.

"SpaceX continues to execute strongly operationally, but its

ambitious investment program means additional capital will

almost certainly be required over the medium to longer term,"

said Chris Weston, head of research at broker Pepperstone.

"How management funds that growth, and at what cost, is

likely to remain a central theme for investors over the coming

quarters."

Nasdaq futures dipped 0.1% on the earnings results,

while S&P 500 futures added 0.2% after hitting all-time

highs on Tuesday. EUROSTOXX 50 futures gained 0.3%,

while DAX futures rose 0.5% and FTSE futures

added 0.1%.

OIL SLIDE BOOSTS BONDS

Sentiment was supported by an ongoing slide in oil prices as

Qatar said mediators were making progress in efforts to end the

U.S.-Iran war, though details were lacking.

Brent crude eased 0.4% to $79.02 a barrel, a long

way from its July top of $102, while U.S. crude dropped

0.5% to $75.35.

The pullback in oil provided some relief from inflation

fears and boosted bonds globally, with 10-year Treasury yields

now at 4.6187%, down from last week's high of

4.747%.

Markets also sharply pared the probability of a September

rate hike from the Federal Reserve to 57% from 67%.

Fed Bank of Kansas City President Jeff Schmid, however, used

a speech on Tuesday to call for tighter policy to help bring

inflation back to the central bank's 2% target.

Currencies were mostly quiet, though the New Zealand dollar

slipped 0.2% after data showed unemployment hit a

decade peak of 5.6% in the June quarter.

The euro was flat at $1.1532, just short of its

recent six-week high at $1.1559. The dollar was a shade lower on

the yen at 157.53, with the threat of intervention

lingering over traders.

U.S. Treasury Secretary Scott Bessent said he was sure Bank

of Japan Governor Kazuo Ueda will "do what is best" for the

country's economy, which markets took as encouragement to raise

interest rates further.

Japan and the United States launched a rare joint yen-buying

intervention last week and vowed to take further action if

needed to shore up the currency.

In commodity markets, the drop in yields helped

non-interest-paying gold edge up 0.1% to $4,080 an ounce.