Asian Markets Rise, Oil Stabilizes
Analysis based on 8 articles · First reported Jun 29, 2026 · Last updated Jun 30, 2026
Asian shares were mostly higher, tracking gains on Wall Street, with a notable rebound in South Korea's stock market due to a tech sell-off recovery. Oil prices stabilized as the United States and Iran announced plans to send delegations to Qatar for negotiations, easing concerns about the four-month war's impact on oil supply. The AI boom continues to drive investments and stock performance in technology companies like Samsung Electronics, SK Hynix, Tokyo Electron, Nvidia, and AMD, while the Japan — Japanese yen weakened against the U.S. dollar.
Asian shares were mostly higher on Tuesday, tracking Wall Street gains, with South Korea's stock market rebounding after sharp losses from a tech sell-off. The KOSPI index gained 1.3%, while Samsung Electronics and SK Hynix announced plans for over $500 billion in investments in chipmaking and AI. Japan's Nikkei 225 also saw gains, benefiting from the AI boom, with Tokyo Electron jumping 4.3%. Oil prices stabilized after the United States and Iran separately announced they would send delegations to Qatar for talks, although Iran denied direct talks with the United States had been arranged. Brent Crude and benchmark U.S. crude traded close to pre-Iran war levels. On Monday, Wall Street's S&P 500, Dow Jones Industrial Average, and Nasdaq composite all posted gains, with technology stocks like Intel, Micron Technology, Nvidia, and AMD performing strongly. The U.S. dollar rose against the Japan — Japanese yen, which further weakened, and the euro traded lower.
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