Asian Shares Rise on Tech Rebound; KOSPI Surges Ahead of SK Hynix US Listing
Asian equities advanced Monday, led by a tech rebound, with South Korea's KOSPI surging ahead of SK Hynix's US listing. US stock futures extended gains, while oil eased after OPEC+ approved another output increase.
Asian shares rose on Monday, driven by a rebound in technology stocks. South Korea's KOSPI index posted significant gains as investors anticipated SK Hynix's upcoming U.S. listing. U.S. stock futures also extended their positive move.
In commodities, oil prices edged lower after OPEC+ agreed to another output increase, adding to supply concerns.
Market attention now shifts to upcoming AI-related earnings, the release of Federal Reserve minutes, and U.S. Treasury auctions later this week.
Source: First Squawk