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Asian Shares Rally Led By Semiconductor Gains, Oil Prices Rise

Currency traders work near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing

Asian shares have followed Wall Street's upward trend, with Tokyo's Nikkei 225 index leading the way with a 2.4% increase driven by strong performances from semiconductor manufacturers. The Nikkei 225 closed at 38,460.08, marking its highest level in a month, with Renesas Electronics Corp. and Tokyo Electronic seeing significant gains.

Investors are closely monitoring Japan's central bank and Finance Ministry's response to the yen's prolonged weakness, which is currently at a 34-year low. The market is awaiting updates from the Bank of Japan's policy meeting starting Thursday.

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