Asia shares find hope in tech resilience, oil off peak

MSN
2026.05.01 05:51
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Asian shares rose as oil prices declined and strong tech earnings boosted investor sentiment. Japan's Nikkei gained 0.6%, while the S&P 500 and Nasdaq saw significant monthly increases. The dollar fluctuated after Japan's yen-buying intervention, with analysts predicting further action may be needed. Brent crude firmed at $111.70, influenced by geopolitical tensions. Central banks in the UK and Europe hinted at potential rate hikes due to rising energy prices, while U.S. Treasury yields increased following a hawkish shift from the Federal Reserve.