Asian Stocks Mostly Rise Despite Iran Concerns

Asian markets mostly advanced, led by Japan, where chipmakers and AI-linked companies gained on optimism about technology demand; other regional indexes were mixed. Investors also weighed volatile oil prices and uncertainty over the Iran conflict and the Strait of Hormuz, with reports of restored Saudi export capacity and other supply measures helping ease some concerns. Retreating bond yields and expectations for U.S. inflation data and the Federal Reserve’s next moves also shaped risk appetite. Wall Street was mixed to lower in recent sessions as elevated Treasury yields pressured stocks.