July 22, 2026 8:20 AM
Asian stocks extend gains as US rebounds, chipmakers lead
Stocks jumped at the start of trading in Asia on Wednesday as investors took cues from a rebound in U.S. markets, shrugging off climbing oil prices as Houthi rebels threatened to open a front in the widening Middle East conflict. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.2% as South Korea's Kospi jumped more than 6%. Japan's Nikkei 225 gained 1.9%, while S&P 500 e-mini futures edged 0.1% lower. Brent crude nudged 0.6% higher to $91.55 a barrel after two oil tanker...