Business · Markets · 2 hrs ago
Asian shares mostly rise as oil prices fall and tech stocks stay volatile
Asian shares were mostly higher on Monday after recent losses, but Japan’s Nikkei ended little changed or lower depending on the market report.
Technology stocks remained volatile as investors questioned whether heavy spending on artificial intelligence will pay off quickly.
Kioxia shares fell sharply after the Japanese chipmaker gave a disappointing earnings outlook, while South Korea’s Kospi rose.
Oil prices dropped more than 3%, with Brent crude trading at $109.66 a barrel.
Chinese shares gained as investors anticipated possible government steps to support markets, and officials were due to meet financial institutions.
Apple’s earnings are due later Monday, while investors are also watching Tuesday’s U.S. midterm elections and concerns about AI, inflation and data centers.
Asian stock markets were mostly higher Monday after recent losses, while oil prices fell more than 3%.
Reports differed on Tokyo trading: AP said the Nikkei slipped 0.1%, while Handelsblatt reported a 0.4% gain.
South Korea’s Kospi rose 2.3%, and Shanghai’s composite index gained 1.2%.
Technology shares remained volatile amid concerns about whether heavy spending on artificial intelligence will pay off.
Investors in China were also encouraged by reports of possible measures to support the capital market.
- Who
- Asian stock markets and investors.
- What
- Asian shares mostly stabilized or rose after recent losses, while oil prices fell more than 3%.
- When
- Monday, November 2, 2026.
- Where
- Asian markets, including Japan, South Korea, China, Hong Kong, Taiwan, Australia and India.
- Why
- Strong company results and hopes for Chinese market-support measures lifted some shares; technology concerns continued to weigh on markets.
This story does not have two clearly opposing sides.
Wall Street’s S&P 500 fell 1.8% and the Nasdaq composite dropped 2.9%.
Asian markets mostly rose or stabilized, while oil prices fell more than 3%.
- South Korea
- Kospi rose 2.3% to 5,859.83
- Shanghai
- Composite index gained 1.2% to 3,640.93
- Brent crude
- Fell 3.3% to $109.66 per barrel
- Nikkei, AP report
- Slipped 0.1% to 63,218.02
- Nikkei, Handelsblatt report
- Rose 0.4% to 63,559 points
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This is effectively a red envelope for financial institutions, increasing their net interest margins by about five basis points.
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