Asian stocks rise on AI rally; oil prices slip

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Asian stocks were mostly higher Tuesday, led by gains in Tokyo and Seoul driven by AI-related shares, following a Wall Street rally. Oil prices fell, and U.S. futures edged lower. South Korea's Kospi jumped 3.1%, with chipmakers SK Hynix and Samsung Electronics rallying ahead of earnings reports. Tokyo's Nikkei 225 added 1.7%, boosted by Advantest and SoftBank Group. Hong Kong and Shanghai slipped, while traders awaited China's leadership meeting. The S&P 500 rose 0.7% Monday, led by Nvidia, though AI industry volatility persists amid borrowing cost concerns. Major tech earnings from Alphabet, Microsoft, and Amazon are due this week. The 10-year Treasury yield eased to 4.98%, with the Fed expected to hold rates.


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