Finance1 min read

Asian stocks rally as Wall Street rebounds, oil prices ease

By · Via Times of India · Published by Everything Blog

In short

Major regional indexes advanced alongside heavyweights like SoftBank Group, Samsung Electronics, and SK Hynix following Wall Street's strongest session since April. Even so, Nvidia slumped after reports emerged that its board is probing whether CEO Jensen Huang was targeted in an intelligence operation linked to a Chinese executive. Market participants are now closely monitoring incoming U.S. inflation data to assess future interest rate trajectories.

Key points

  • Lower crude prices brought temporary inflation relief after the U.S. paused additional mi…: Lower crude prices brought temporary inflation relief after the U.S. paused additional military action against Iran.
  • Traders see an 84% probability of a Federal Reserve interest rate increase following upco…: Traders see an 84% probability of a Federal Reserve interest rate increase following upcoming October consumer price data.
  • Market analysts warn that energy costs could rapidly escalate again if diplomatic talks w…: Market analysts warn that energy costs could rapidly escalate again if diplomatic talks with Iran fail to progress.

Sources checked by our analysis pipeline: 1

Asian stocks advanced on Tuesday, extending a recovery in global markets after Wall Street recorded its strongest single-day gain since April. A decline in oil prices following US President Donald Trump's decision to hold off on fresh military strikes against Iran also lifted investor sentiment.

Japan's benchmark Nikkei 225 rose 2.6% to 60,279.37, while South Korea's Kospi climbed 4% to 5,219.37.

Taiwan's Taiex gained 3.4%. Hong Kong's Hang Seng advanced 0.4% to 24,535.74, and the Shanghai Composite edged 0.4% higher to 3,673.54.

Australia's S&P/ASX 200 rose 1.1% to 9,131.70. Meanwhile, MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.5% in early trading, according to Reuters.

Technology stocks led gains across several markets. Shares in SoftBank Group, an investor in OpenAI, jumped 15% ahead of its earnings announcement. Tokyo Electron rose 5.6%, while Advantest gained 3.4%.

In South Korea, Samsung Electronics climbed 4.6% and SK Hynix advanced 5.6%. AFP also reported gains in Taiwan's technology sector, with chipmaker TSMC rising more than 1% and MediaTek gaining over 7%.

Wall Street rebound and easing oil prices lift sentiment

The rally…

Finance

More in Finance