Asian stocks climbed for a second day, led by chipmakers. The Kospi Index saw a significant jump, reflecting AI investment optimism. Crude oil prices advanced, reigniting inflation concerns and pushing Treasury yields higher. Gold and silver also advanced on dip-buying, while the yen slid past 163 per dollar. Investors now await earnings from Alphabet and Tesla for further market direction.

Asian stocks advanced, recovering from recent losses as chip shares stabilized. Megacap technology earnings are anticipated this week, influencing market direction. Geopolitical…

(Bloomberg) -- Stocks in Asia climbed for a second day as chipmakers at the heart of the artificial intelligence boom extended their rebound. Oil advanced after renewed escalation…