Asian stocks advance following a rally on Wall Street and oil prices fall

Asian markets were mostly higher Tuesday, lifted by an AI-led rally on Wall Street and falling oil prices. In South Korea, the Kospi rose 3.3% and ended 3.1% higher at 5,638.34, with SK Hynix up 5.2% and Samsung Electronics gaining 4.2%. Samsung estimated record operating profit of 107.4 trillion won ($80 million) for the quarter, up nearly eightfold year over year, as semiconductor demand remains strong. Tokyo’s Nikkei 225 added 1.7% to 63,268.37; Advantest jumped 9.6%. In Hong Kong, the Hang Seng slipped 0.6%, while Shanghai fell 0.3%. Investors also watched China’s Communist Party leaders meeting behind closed doors and upcoming major earnings.