Asian shares rose after a renewed wave of buying in companies linked to the artificial-intelligence boom sent Wall Street benchmarks to new peaks. Gold and oil edged lower on a peace deal in the Middle East.
MSCI’s regional stock gauge rose 0.3% with tech firms such as Softbank Group Corp. among the winners. An index of US-listed Chinese stocks gained 0.9% as investors prepared for the reopening of mainland Chinese markets after the Golden Week break. The yen was little changed after touching its weakest level against the dollar since February, raising speculation about official intervention. The dollar edged lower after approaching a two-month high.