Asian stocks climbed as investors favored semiconductor shares due to AI demand. Oil prices declined as energy supply disruption fears eased.
South Korea's KOSPI index saw a significant rally, while other regional benchmarks edged higher. Futures for the Nasdaq 100 Index indicated a more cautious market sentiment.
Company earnings and profit growth will guide market direction next month.
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Asian stocks climbed higher on Monday, led by companies focused on artificial intelligence, despite escalating concerns over Middle East stability. Oil prices jumped after President Donald Trump rejected Iran's response to a US peace proposal as unacceptable. The developments come amid a 10-week-old conflict between the two nations.
Asian markets rebounded cautiously on Wednesday after a tech-led global selloff. The move renewed concerns over the durability of the AI-driven rally.
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Asian stocks rebounded on easing Middle East tensions and a recovery in artificial intelligence shares. South Korea's KOSPI led the gains while Wall Street also advanced.
South Korean stocks opened slightly higher Tuesday, tracking Wall Street gains as easing tensions in the Middle East boosted investor sentiment.
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South Korean stocks opened sharply higher Wednesday on semiconductor gains, prompting the Korea Exchange to trigger a buy-side sidecar that suspended program trading for five minutes.
Korean stocks opened sharply higher Friday following reports that the United States and Iran have reached an agreement to extend the current ceasefire.
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Seoul stocks opened lower on Monday, led by declines in major semiconductor makers amid escalating Middle East tensions.