Tech leads shares higher in Asia as oil slips

Live updates

1. 42m ago

   Tech Stocks Push Asian Markets Higher as Oil Prices Slip

   Asian shares mostly rose as technology stocks surged, following a strong Wall Street rally that saw the Nasdaq hit a record closing high. Markets drew support from easing oil prices, which retreated after gapping higher at the open amid hopes for diplomacy involving Iran and increased Saudi shipments. Meanwhile, central bank actions stirred fixed-income markets. The Bank of Japan raised interest rates, pushing the Nikkei index higher and driving the dollar above 157 yen, while a broader bond sell-off re-ignited globally following recent hawkish central bank shifts.

   Why it matters

   The upward momentum in global equities reflects investor relief over retreating commodity costs, which help alleviate inflation pressures. Technology and semiconductor heavyweights continue to anchor market gains despite competing pressures from rising bond yields and central bank monetary tightening. Regional indices are tracking these cross-currents as traders weigh monetary policy adjustments against corporate earnings driven by artificial intelligence demand.

   What is confirmed

   • The Nasdaq hit a record closing high lifted by gains in Advanced Micro Devices and other AI heavyweights.
   • Asian shares mostly rose, cheered by a US rally and easing oil prices.
   • The dollar jumped around 1 yen to above 157 yen and the Nikkei index climbed after a BOJ rate hike.

   Still unconfirmed

   • Brent slides on higher Saudi shipments and Iran diplomacy, easing inflation fears and pulling yields down.

   What to watch next

   • Further movements in oil prices related to Saudi supply flows and Iran diplomatic developments.
   • Additional central bank interest rate announcements and their impact on global bond yields.
   Sources used for this update (12)

   1. Reuters — Tech leads shares higher in Asia as oil slips
   2. AOL.com — Bond sell-off reignites as central banks raise interest rates
   3. Japan Wire by Kyodo News — Dollar jumps around 1 yen to above 157 yen, Nikkei index climbs after BOJ rate hike
   4. GuruFocus — Tech Stocks Rally as Oil Prices Fall, Market Optimism Grows
   5. Idaho State Journal — Wall Street drifts lower as bond yields rise and oil prices swing
   6. KSAT — Asian shares mostly rise, cheered by a US rally and easing oil prices
   7. investingLive — investingLive Asia-Pacific market news: Oil gapped higher at open but soon fell
   8. www.marketscreener.com — Halliburton to Support Energy Development in Venezuela Under New Agreements
   9. www.econotimes.com — America’s Roundup: Dollar steady after Fed's hawkish tilt last week, Wall Street ends higher, Gold falls, Oil eases
   10. www.aol.com — Nasdaq hits record high as chipmakers fuel stock gains
   11. uk.finance.yahoo.com — Asian benchmarks mostly rise after Wall Street's rally
   12. www.briefs.co — Chip Stocks Set Asia's Tone as Oil Eases on Saudi Flows and Iran Diplomacy Hopes
   confidence 90%