Asian Stocks Rise on AI Rally; US Futures Edge Higher
Asian stocks mostly rose Tuesday following an AI-led rally on Wall Street, with U.S. futures edging higher and oil prices extending losses ahead of major corporate earnings and central-bank decisions. South Korea's Kospi jumped over 4%, led by chipmaker SK Hynix surging 7% and Samsung Electronics gaining 4.8%, while Tokyo's Nikkei 225 added 2.2% on strong gains from Advantest and SoftBank Group. Hong Kong's Hang Seng slipped 0.2% and Shanghai's Composite edged 0.1% lower. The rally followed Nvidia rising 2.4% Monday, recovering from three straight losing weeks amid ongoing concerns about AI industry costs and debt financing. Investors await earnings from Alphabet, Microsoft, and Amazon this week, while Brazil's Bovespa dropped roughly 14% after President Lula da Silva won reelection.