Toronto Star
· collected 2026-10-06 · by Chan Ho-him The Associated Press
Asian stock markets showed mixed performance on Tuesday, with Japan’s Nikkei rising and South Korea’s Kospi declining amid volatility in technology stocks. In contrast, Wall Street had seen gains the previous day as tech giants like Nvidia and Broadcom drove the market higher. Oil prices fell slightly but remained elevated at $99.48 per barrel for Brent crude, reflecting ongoing tensions between the U.S. and Iran despite increased oil flows through critical shipping routes in the Persian Gulf.
Written locally by qwen2.5:14b on 2026-10-06,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
On Tuesday, Asian shares were mostly higher following gains on Wall Street from the previous day, despite technology-related stocks being volatile in Japan and South Korea. The Nikkei 225 in Japan rose by 1.1% to 70,683.98, returning above the 70,000 mark for the first time since early July. In contrast, the Kospi in South Korea fell by 0.9% to 6,941.39. Meanwhile, the Hang Seng in Hong Kong increased by 0.8%, and the Sensex in India gained 0.6%. Markets in mainland China were closed due to a holiday. The positive sentiment was partly driven by easing oil price pressures as larger volumes of oil crossed the Strait of Hormuz and flows through Saudi Arabia’s key pipeline recovered, despite lingering tensions between the U.S. and Iran.
Written for “Asian Shares Advance” on 2026-10-06,
grounded in this article and the 0 other(s) covering the same event.
HONG KONG (AP) — Asian shares were mostly higher on Tuesday and U.S. futures advanced after shares rose to near a record close on Wall Street.
asserted
shares → advance → Street
Japan’s Nikkei 225 rose 1.1% to 70,683.98.
asserted
Nikkei → rise → 70,683.98
The benchmark has returned to above the 70,000 mark this week for the first time since early July.
asserted
benchmark → return → July
South Korea’s Kospi lost 0.9% to 6,941.39.
asserted
Kospi → lose → 6,941.39
Technology-related stocks in Japan and South Korea were volatile.
asserted
stocks → relate → Japan
Japanese chip testing equipment manufacturer Advantest gained 3.9%, while OpenAI investor SoftBank Group fell 3.1% after its CEO Masayoshi Son warned of potential dangers related to the technology.
asserted
Son → gain → technology
South Korea’s Samsung Electronics dropped 1.5%, and memory chipmaker SK Hynix slipped 3.7%.
asserted
Hynix → drop → ?
Hong Kong’s Hang Seng climbed 0.8% to 24,234.19.
asserted
Seng → climb → 24,234.19
Australia’s S&P/ASX 200 rose 0.6% to 8,735.70.
asserted
S&P → rise → 8,735.70
Taiwan’s Taiex edged up 0.2%, while India’s Sensex added 0.6%.
asserted
Sensex → edge → %
Markets in mainland China were closed because of a holiday.
asserted
Markets → close → holiday
On Monday, Wall Street’s benchmark S&P 500 added 0.7% to near its previous record high.
asserted
S&P → add → high
The Dow Jones Industrial Average climbed 0.2%, while the Nasdaq composite rose 1.1% to an all-time closing high.
asserted
composite → climb → closing
Technology giants supported the gains, with Nvidia gaining 2.1% and Broadcom also advancing 2.1%.
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Broadcom → support → %
Surging oil prices and bond yields have added to challenges for the broader stock market and to companies, but expectations for strong company earnings have helped support stocks’ recent rallies ahead of the latest earnings season.
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expectations → surge → season
Oil prices declined early Tuesday.
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prices → decline → ?
Benchmark U.S. crude lost 1.1% to $88.46 per barrel.
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crude → lose → barrel
Analysts say upward pressures on oil prices have eased as larger volumes of oil have been crossing the Strait of Hormuz and oil flows through Saudi Arabia’s key East-West pipeline have been recovering, although tensions between the U.S. and Iran are still high.
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tensions → say → U.S.
“While there are growing signs of a recovery in oil flows from the Persian Gulf, the market remains nervous about potential supply disruptions from the region.
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market → be → region
This is keeping prices well-supported for now,” ING commodities strategists Warren Patterson and Ewa Manthey wrote in a commentary on Tuesday.
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Patterson → keep → Tuesday
In the bond market, U.S. Treasury yields remained near their multi-decade highs.
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yields → remain → highs
The 10-year U.S. Treasury yield climbed to around 5.30%, from 5.28% on Friday, after it briefly crossed the 5.35% mark at its highest level since 2002.
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it → climb → 2002
Investors are looking for higher returns to hold government bonds, as inflationary pressures have been rising driven in part by the energy shock from the Iran war, while U.S. national debt has surpassed a record $40 trillion.
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debt → look → record
The U.S. dollar rose to 158.15 Japanese yen from 157.91 yen.
asserted
dollar → rise → yen
The euro was trading at $1.1209, down from $1.1223.
asserted
euro → trade → 1.1223
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