Asian markets rise as selling pressure in semiconductors eases and oil gains continue amid renewed Middle East tensions. In Japan, the Nikkei rebounds, gaining about 2.3% and ending a three-day losing streak, according to one report. South Korea’s KOSPI also climbs as the semiconductor selloff cools, helping sentiment across regional tech-related stocks. More broadly, an Asia-Pacific benchmark tracked by MSCI—excluding Japan—records an increase of roughly 0.8%, indicating gains extend beyond a single market.
Oil continues to move higher for a third straight session, driven by concerns linked to hostilities in the Gulf region. One outlet attributes the oil jump to resumption of Gulf hostilities, with the effect spilling into energy-sensitive sectors and supporting overall market momentum. Taken together, the reports describe a market environment where easing pressure in chip-related stocks offsets risks from geopolitical developments that keep energy prices elevated.
