Global Stock News

Asian shares mostly advance after Wall Street gains and oil prices fall

Asian shares mostly advance after Wall Street gains and oil prices fall

HONG KONG – Asian shares were mostly higher on Tuesday and U.S. futures advanced after shares rose to near a record close on Wall Street.

Oil prices fell as the situation in the Middle East remained uncertain.

Japan’s Nikkei 225 rose 1.1% to 70,683.98. The benchmark has returned to above the 70,000 mark this week for the first time since early July.

South Korea’s Kospi lost 0.9% to 6,941.39.

Technology-related stocks in Japan and South Korea were volatile. Japanese chip testing equipment manufacturer Advantest gained 3.9%, while OpenAI investor SoftBank Group fell 3.1% after its CEO Masayoshi Son warned of potential dangers related to the technology.

South Korea’s Samsung Electronics dropped 1.5%, and memory chipmaker SK Hynix…

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