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Asian Shares Mostly Rise as Oil Prices Fall and Hope Grows for AI
Nvidia climbed 2.2% before earnings as falling crude eased pressure on oil importers and lifted regional shares, traders said.
- Asian shares mostly rose on Wednesday as falling oil prices and a rebound in Nvidia helped lift sentiment, with the tech giant's shares climbing 2.2% following a recent decline.
- Benchmark U.S. crude dropped $2.06 to $80.30 a barrel and Brent fell $2.31 to $86.27, providing relief for oil-importing nations like Japan, where the Nikkei 225 rose 0.6% in morning trading.
- The 10-year Treasury yield fell to 4.63% from 4.70% late Monday, while Nvidia remains a key focus for investors as it prepares to report earnings results today.
- Tensions between the United States and Iran escalated after the Trump administration announced new sanctions, while the Strait of Hormuz remains largely shut down due to the ongoing conflict.
- Iranian and Omani officials met on Tuesday to discuss managing ship traffic, and a Pakistani delegation held talks with Iranian President Masoud Pezeshkian regarding potential negotiations to end the Iran-U.S. conflict.
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Associated Press News+19 Reposted by 19 other sources
Asian shares mostly rise as oil prices fall and hope grows for AI
Asian shares are mostly higher as investors keep an eye on the ongoing talks over reopening the Strait of Hormuz, which remains largely shut down because of the war in Iran.
·New York, United States
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Total News Sources20
Leaning Left11Leaning Right0Center8Last UpdatedBias Distribution58% Left
Bias Distribution
- 58% of the sources lean Left
58% Left
L 58%
C 42%
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