Asian stocks climbed as investors favored semiconductor shares due to AI demand. Oil prices declined as energy supply disruption fears eased. South Korea's Kospi index saw a significant rally, while other regional benchmarks edged higher. Futures for the Nasdaq 100 Index indicated a more cautious market sentiment. Company earnings and profit growth will guide market direction next month.

Asian shares have retreated despite a rebound for AI stocks that lifted stocks on Wall Street

Asian shares advanced, led by a rally in chipmakers and South Korean stocks. Oil prices extended their gains for a third day, reaching about $78.80 a barrel. Treasury yields rose…