Asian markets rise on oil drop and AI optimism

Asian shares mostly rose Wednesday as investors monitored talks over reopening the Strait of Hormuz, shut down due to the Iran war, while falling oil prices and AI optimism boosted markets. Japan's Nikkei gained 0.6%, South Korea's Kospi jumped 1.6%, and Hong Kong's Hang Seng rose 0.8%, though Australia's benchmark dipped. U.S. crude fell to $80.30 a barrel, and Brent dropped to $86.27, after spiking last month. Iran and Oman met Tuesday on managing ship traffic, following an attack on a tanker off Oman. Pakistan also held talks with Iran's president. Nvidia rose 2.2% ahead of its earnings report, while the 10-year Treasury yield fell to 4.63%.