Asian stocks followed Wall Street higher, while oil slipped after President Donald Trump played down the prospect of a prolonged conflict with Iran. The yen remained in focus after its sudden strengthening.
MSCI’s Asia Pacific equities gauge advanced 0.5%, with benchmarks in Japan and South Korea gaining. That came after the S&P 500 Index snapped a three-day decline and the tech-heavy Nasdaq 100 rose 0.2%. Technology shares remained in focus after Broadcom Inc. predicted a boom in artificial intelligence chip sales over the next two years.
