Brent crude futures climbed 27 cents, or 0.3%, to $91.14 by 0003 GMT, after rising to their highest since July 30 on Monday
On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while Japan's Nikkei edged 0.4% higher
The gains came as investor interest returned to technology hardware stocks on expectations of continued spending on artificial intelligence infrastructure by large technology companies
Asian equities gained after US consumer prices rose in line with expectations, while oil prices held near $80 a barrel amid a standoff between Washington and Tehran
MSCI's broadest index of Asia-Pacific shares outside Japan swung between losses and gains and was last up 0.2 per cent while South Korea's Kospi rose 0.3 per cent
Japan's Nikkei followed that lead and rose 0.6% on Monday, while South Korea added 0.5%
Tech stocks led losses across Asia after Wall Street's AI-driven rally lost steam, while oil prices held in a narrow range as investors weighed prospects for an Iran peace deal
Japan's Nikkei climbed 3.0% and South Korea added 3.4%, continuing its run of wild swings
Bharti Airtel, BSE, Deepak Nitrite, Godrej Properties, Emami, Kalyan Jewellers, MCX, Marico, Nykaa, ONGC, PNB Housing and UBL among key companies slated to post their earnings today.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%, led by South Korean shares rallying as much as 2.1%
Asian shares were mixed Monday after the US and Japan confirmed they had acted to prop up the value of the Japanese yen against the US dollar, causing the yen to rise to its highest level since late last year. Oil prices fell sharply after US President Donald Trump said he would order US forces to refrain from attacks against Iran, claiming a deal to end the fighting in the Middle East was close. The dollar fell as low as 155.20 against the yen after Trump and Japanese officials confirmed they had intervened last week to curb the US currency's rise to 40-year highs against the yen. Last week it was trading near 164 yen. A weak yen helps to boost the profits of Japanese companies with big operations overseas, increasing their value in yen terms. It also has drawn foreign tourists who have enjoyed their strong purchasing power in Japan. But a cheap currency also weakens Japan's purchasing power overall, pushing up costs for the imports of oil and other goods needed to run its ...
South Korea's Kospi index jumped more than 15 per cent on Friday, tracking Wall Street gains, as artificial intelligence-related stocks bounced back after losses this week. US futures edged higher, and oil prices rose. In early Asian trading, the Kospi rose 15.3 per cent to 6,447.10. Shares of South Korean technology giant Samsung Electronics surged 21.5 per cent, while memory chipmaker SK Hynix soared 25.6 per cent. The Kospi index had plummeted more than 16 per cent on Tuesday and Wednesday on a sell-off of technology stocks in part over worries about an AI bubble and rising intensive competition from chipmaking rivals in China. Tokyo's Nikkei 225 also climbed 5 per cent in early Friday trading. Multinational investment holding company and OpenAI-investor SoftBank Group jumped 14.7 per cent, while chip equipment maker Tokyo Electron rose 9.3 per cent. Oil prices traded higher on tensions between the US and Iran, and as the Strait of Hormuz, a key waterway for oil transport, rema
Asian chipmakers have been the centre of attention this week after a deep selloff in South Korean stocks that wiped more than $2 trillion from the country's equity market rocked markets
To cushion itself against the industry's volatile demand cycles, the company is racing to lock in long-term supply deals
South Korea's KOSPI fell 5%, reversing earlier gains after sinking more than 10% to a three-month low on Tuesday, despite strong earnings from SK Hynix
Trading was temporarily halted as Kospi dropped to its lowest level since April as shares in chipmakers Samsung Electronics and SK Hynix dropped sharply
Asian markets fell after Brent crude climbed above $100 a barrel amid escalating Gulf tensions, while fresh US tariffs and rising bond yields heightened concerns over a renewed inflation shock
Asian markets advanced after strong US technology spending plans boosted chipmakers, while escalating conflict in West Asia pushed oil to six-week highs and revived inflation concerns
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.25% higher after dropping for three straight sessions
Brent crude climbed above $90 as the Gulf conflict intensified, reviving inflation worries and rate-hike bets ahead of earnings from major technology companies including Alphabet, Tesla and Intel