Asian shares mostly rose early on Tuesday, 22 September 2026, following the overnight rally on Wall Street. Australia's S&P/ASX 200 added 0.2% in early trading to 8,748.20. South Korea's Kospi jumped 1.6% to 7,120.25. Hong Kong's Hang Seng gained nearly 0.6% to 25,185.26, while the Shanghai Composite rose 0.4% to 3,964.45. Tokyo markets were closed for an extended holiday and will resume trading on Thursday.
The rally on Wall Street was driven by a decline in oil prices and a surge in tech stocks. The S&P 500 jumped 1.5% and pulled within 0.4% of its record set last month. The Dow Jones Industrial Average added 366 points, or 0.7%, and the Nasdaq composite leapt 2.3% to its own all-time high. Chip stocks and other companies in the artificial-intelligence industry led the way, with investors hoping that diplomacy may shift the Iran war.
Oil prices, which have been swinging due to conflicts in the Middle East, rose in Asian trading. Benchmark U.S. crude gained 0.43% to $96.19 a barrel. Brent, the international standard, rose 0.65% to $100.99 a barrel. Despite the recent rise, oil prices are still down from their nearly $110 high last week and roughly $72 price from earlier this summer.
The decline in oil prices helped lower pressure from the bond market. The yield on the 10-year Treasury eased to 4.95% from 5.01% late Friday after crossing above the 5% threshold last week for the first time since 2023. Global markets are also getting a boost from AI stocks, which are continuing to strengthen following their worldwide slide at the start of last week.
Leaders of the AI industry have recently warned that a slowdown is needed in the industry's development for the safety of humanity. However, the sector continues to attract investors, contributing to the positive market mood. In currency trading, the U.S. dollar edged up to 157.43 Japanese yen from 157.31 yen. The euro cost $1.1474, up from $1.1469.
On Wall Street, the S&P 500 rose 114.20 points to 7,764.70. The Dow Jones Industrial Average added 366.19 to 52,048.83, and the Nasdaq composite climbed 599.55 to 27,122.09. The positive performance of Asian markets on Tuesday is a welcome sign for investors, who have been navigating a complex landscape of global economic and geopolitical developments.
The current market trends are being influenced by various factors, including the trajectory of oil prices, the performance of tech stocks, and global economic developments. As investors look ahead, they will be monitoring these factors closely for indications of future market movements. Key developments, such as shifts in US diplomacy and their impact on the Iran conflict, will likely continue to influence market sentiment.
Key points
- Asian shares mostly rose early on Tuesday, following the overnight rally on Wall Street.
- The rally on Wall Street was driven by a decline in oil prices and a surge in tech stocks.
- Global markets are getting a boost from AI stocks, which are continuing to strengthen following their worldwide slide at the start of last week.
