Asian shares were mostly higher on Tuesday, tracking Wall Street gains, with South Korea’s stock market rebounding after sharp losses on a tech sell-off.
Oil prices stabilized after the U.S. and Iran said separately they would send delegations to Qatar, although Iran said talks had not been arranged with the United States.
U.S. futures edged up. South Korea’s Kospi index, which has performed strongly during the global AI frenzy due to growing demand including for chips from its firms like SK Hynix, gained 1.3% to 8,504.43.
Market Performance
Tokyo’s Nikkei 225 was up 0.9% to 70,116.82. Japan’s stocks have also benefited from the AI boom. Chip equipment maker Tokyo Electron jumped 4.3%. SoftBank Group, an investment holding company that invests in OpenAI, was up 0.6%.
Hong Kong’s Hang Seng was 0.8% lower at 22,836.39. The Shanghai Composite index was trading 0.2% higher at 4,080.42.
Australia’s S&P/ASX 200 edged up less than 0.1% to 8,825.80. Taiwan’s Taiex was 3.2% higher, while India’s Sensex lost 0.1%.
Brent crude, the international standard, was trading 0.2% lower at $73.73 a barrel. Benchmark U.S. crude was down 0.4% to $70.49 a barrel.
On Monday, Wall Street returned to a gain after earlier losses. The benchmark S&P 500 added 1.2% to 7,440.43. The Dow Jones Industrial Average climbed 0.6% to 52,182.74. The technology-heavy Nasdaq composite gained 2.1% to 25,820.14.
Original reporting: KTBS 3 (Shreveport) — read the source article.
