Oil Prices Edge Lower, While Asian Shares Rise, Tracking Wall Street Gains
Asian shares rose on strong Wall Street and AI-driven tech gains, while Brent crude fell 0.4% to $95.26 a barrel, analysts said.
- Asian shares advanced Thursday following gains on Wall Street, while oil prices slipped with Brent crude falling 0.4% to $95.26 per barrel and benchmark U.S. crude shedding 0.1% to $90.84.
- Investors welcomed encouraging signals about artificial intelligence demand from Dell Technologies and Palo Alto Networks, as the AI boom remains the key driver behind S&P 500 gains this year.
- Major tech stocks led the regional rally, with Nvidia gaining 3.2% and Meta Platforms climbing 2.5%, while South Korea's Kospi rose 1.4% to 6,656.81 and Tokyo's Nikkei 225 advanced 0.2% to 64,455.83.
- The yield on the U.S. 10-year Treasury fell to 4.77% from more than 4.81% early Wednesday, while the Japanese yen strengthened to 157.78 against the dollar early Thursday, reversing earlier gains above 160 yen.
- Markets continue monitoring energy shocks from fighting between the U.S. and Iran, with President Donald Trump stating he does not expect the bombing campaign to last much longer before Friday's employment report.
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20 Articles
Associated Press News
Tech stocks lead a rally on Wall Street as bond yields ease some more
Stocks rose on Wall Street as bond yields eased further and a rally in big technology companies helped the market recoup its losses from earlier in the week.
The Economic Times
Times of IndiaGlobal Market: South Korean shares rebound as chip stocks track Wall Street gains
South Korean shares rebounded on Thursday, with the KOSPI rising 1.38% as chipmakers tracked gains in their US peers and optimism over AI demand lifted technology stocks. Samsung Electronics and SK Hynix advanced, and POSCO Holdings also gained, although foreign investors remained net sellers.
Economy: Direct -- Asian equity markets rose today Friday, led by technology equity, with investors inspired by strong gains in Wall Street...
Asian Markets Gain As Oil Falls And Rate Expectations Shift
Asian markets moved higher on Thursday as falling oil prices eased some inflation concerns, while attention turned to US jobs data and the outlook for interest rates. The MSCI Asia Pacific Index rose 1.1%, supported by gains in semiconductor shares. South Korea’s KOSPI added 0.26%, while Japan’s markets were mixed. The Topix gained 0.5%, but the Nikkei 225 fell 0.2%. Technology stocks received support after Broadcom indicated that artificial int…
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