Economy

Asian Markets Rise as Oil Falls on Hormuz Reopening Hopes

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Courtroom-sketch editorial illustration of three traders on the New York Stock Exchange floor, with the central trader looking down at a handheld tablet while two colleagues work beside him amid market screens, drawn in warm ochre and slate-blue pastel with cross-hatching on sepia newsprint.

Asian shares mostly rose Wednesday as investors watched talks aimed at reopening the Strait of Hormuz, while oil prices fell. Japan's Nikkei 225 gained 0.6% to 66,227.55, South Korea's Kospi rose 1.6% to 6,849.92 and Hong Kong's Hang Seng added 0.8% to 25,712.29. The Shanghai Composite climbed 0.7% to 3,917.04, while Australia's S&P/ASX 200 slipped 0.2% to 9,142.60. U.S. crude dropped $2.06 to $80.30 a barrel, while Brent fell $2.31 to $86.27. Optimism over artificial intelligence also supported regional equities.

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