Oil prices advanced on Wednesday, diverging from a broader risk-off sentiment that weighed heavily on Asian equity markets.
The energy complex found support as investors rotated away from high-growth technology names, with crude benchmarks posting gains amid shifting market dynamics.
The most dramatic move occurred in South Korea, where the Kospi index extended its steep decline, dropping more than 16% over the past two trading sessions.
The most dramatic move occurred in South Korea, where the Kospi index extended its steep decline, dropping more than 16% over the past two trading sessions.
The sell-off was driven primarily by artificial intelligence-related stocks, as traders questioned the durability of recent valuation multiples in the sector.
This sharp correction in Seoul mirrored broader global skepticism regarding the sustainability of AI-fueled market rallies that had previously propelled major indexes to record highs.
Across Asia, shares were mostly lower, reflecting a cautious tone among investors.