Asian Stocks Rise on AI Rally, Oil Gains

Asian equities have fluctuated as AI-driven tech rallies support markets in Japan, Korea, and Taiwan. Oil prices rebounded on Middle East tensions and renewed U.S.-Iran conflict, with Brent around the high 80s to low 90s per barrel. The Kospi led gains at times while the Nikkei posted modest increases, as investors weighed rate hike risk and inflation. Strong tech earnings and AI exposure bolster shares in Japan, though policy signals from the Bank of Japan and consumer inflation data remain concerns. Geopolitical risk, AI investment pace, and upcoming earnings are shaping sentiment as markets seek to sustain AI-driven gains without overstretched valuations. Overall, the trajectory of oil prices and interest rates will continue to be a key driver.