Asian equity markets posted broad gains on Monday, driven by a retreat in crude oil prices and a rebound in semiconductor shares.
The MSCI Asia Pacific Index rose 0.5%, reflecting improved sentiment across the region despite cautious positioning ahead of major technology earnings reports later this week.
72%, highlighting divergent performance within the semiconductor sector.
Japan’s Nikkei 225 climbed 1.85%, while the broader Topix index advanced 1.61%.
In South Korea, the Kospi edged up 2.11%, though the tech-heavy Kosdaq slipped 0.72%, highlighting divergent performance within the semiconductor sector.
The cross-asset reaction underscores how energy cost relief is supporting risk appetite, even as investors await fundamental updates from key chipmakers.
The rally follows a period of volatility in Asian equities, with previous sessions marked by sharp recoveries in semiconductor stocks.