Asian equity markets posted broad gains on Wednesday, driven by a resurgence in investor demand for technology shares that lifted Wall Street to record peaks.
The rally in equities, however, failed to provide support for energy prices, which retreated as geopolitical risk premiums unwound.
Brent crude fell as traders priced in hopes for progress on reopening the Strait of Hormuz.
The diplomatic optimism outweighed the positive sentiment flowing from US markets, where strong earnings reports and a tech-led mood swing had previously bolstered risk assets.
The divergence highlights a shift in market focus from broad risk-on sentiment to specific supply-side developments in the energy complex.
The equity rebound marks a continuation of the recovery seen in Asian markets, which snapped a multi-day losing streak earlier in the week.