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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Oil prices ease and Asian shares gain on hopes for Mideast deal, as companies report strong profits

South Korea Financial Markets - (Copyright 2026 The Associated Press. All rights reserved.)

Asian shares surged and oil prices slipped Wednesday after the U.S. stock market rallied to records, helped by strong corporate earnings reports and hopes for a deal setting the stage for talks that might eventually lead to an end to the war in Iran.

Benchmarks jumped more than 3% in Tokyo, Seoul and Taiwan as shares in computer chipmakers and other AI-related companies advanced.

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