Stocks stabilized in Asia on Tuesday after last week's tech-led rollercoaster ride as investors tracked a record day on Wall Street, while oil prices edged up after their recent plunge with Donald Trump and Iran giving conflicting views on peace talks.South Korea's Kospi swung between gains and losses, with chip giants SK hynix and Samsung, which have been the poster boys of a month-long AI-themed rout, center of attention again.
The gains followed a positive day in New York, where the Dow ended at an all-time high, helped by another impressive Amazon surge that pushed it past the US$3 trillion market capitalization and helped ease fears about the vast capital spending on artificial intelligence.
Seoul's stocks fluctuated through the morning. Last week the Kospi fell around 17 percent in three days before soaring nearly 18 percent Friday and falling again Monday.
Elsewhere, Sydney, Singapore, Wellington, Taipei, Jakarta and Manila rose, though Tokyo, Hong Kong and Shanghai dipped.
And after the past month's wild volatility, some analysts are more upbeat about the outlook, even as some continue to fret.
