Gains for AI stocks push Asian shares higher
Asian stocks are mostly higher as AI-related stocks boost benchmarks in Tokyo and Seoul ahead of quarterly earnings. U.S. futures edged lower and oil prices rose. Memory chipmakers SK Hynix and Samsung Electronics surged, recovering last week’s losses. New Zealand’s central bank surprised markets by keeping its benchmark interest rate on hold. On Tuesday, the majority of stocks within the S&P 500 fell, but gains for influential companies related to artificial-intelligence offset those losses.
Treasury yields held relatively steady ahead of a decision on interest rates by the Federal Reserve. The S&P 500 rose 0.6% and the Nasdaq composite rose 1.2%. The Dow Jones Industrial Average edged up less than 0.1%.
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ApnewsSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-28. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.