Global shares mostly advance after Wall Street gains and oil prices fall
[October 06, 2026] By
CHAN HO-HIM
HONG KONG (AP) — World shares were mostly higher on Tuesday and U.S.
futures advanced after shares rose to near a record close on Wall
Street.
Oil prices fell as the situation in the Middle East remained uncertain.
In early European trading, Britain's FTSE 100 gained 0.8% to 10,584.38.
France's CAC 40 also climbed 0.8%, to 7,892.78. Germany's DAX was up
0.8% to 25,465.56.
The future for the S&P 500 rose 0.3% while that for the Dow Jones
Industrial Average was up 0.6%.
In Asian trading, Japan’s Nikkei 225 rose 1.1% to 70,683.98. The
benchmark has surged above the 70,000 level this week for the first time
since early July.
South Korea’s Kospi lost 0.9% to 6,941.39.
Technology-related stocks in Japan and South Korea were volatile.
Japanese chip testing equipment manufacturer Advantest gained 3.9%,
while OpenAI investor SoftBank Group fell 3.1% after its CEO Masayoshi
Son warned of potential dangers related to the technology.
South Korea’s Samsung Electronics dropped 1.5%, and memory chipmaker SK
Hynix slipped 3.7%.
Hong Kong’s Hang Seng climbed 1% to 24,280.56.
Australia’s S&P/ASX 200 rose 0.6% to 8,735.70.
Taiwan’s Taiex edged up 0.2%, while India’s Sensex added 0.7%.
Markets in mainland China were closed for a national holiday.
On Monday, Wall Street’s benchmark S&P 500 added 0.7% to near its
previous record high. The Dow climbed 0.2%, while the Nasdaq composite
rose 1.1% to an all-time closing high.
Technology giants supported the gains, with Nvidia gaining 2.1% and
Broadcom also advancing 2.1%.
Surging oil prices and bond yields have added to challenges for the
broader stock market and to companies, but expectations for strong
company earnings have helped support stocks’ recent rallies ahead of the
latest earnings season.
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A currency trader passes by a screen showing the Korea Composite
Stock Price Index (KOSPI) at the foreign exchange dealing room of
the Hana Bank headquarters in Seoul, South Korea, Tuesday, Oct. 6,
2026. (AP Photo/Ahn Young-joon)
 Oil prices declined more than 1%
early Tuesday. Brent crude, the international standard, was down
1.3% to $99.07 per barrel, back to below the $100 mark, but way
higher than the roughly $72 a barrel level of late February.
Benchmark U.S. crude lost 1.7% to $87.91 per barrel.
Analysts say upward pressures on oil prices have eased as larger
volumes of oil have been crossing the Strait of Hormuz and oil flows
through Saudi Arabia’s key East-West pipeline have been recovering,
although tensions between the U.S. and Iran are still high.
“While there are growing signs of a recovery in oil flows from the
Persian Gulf, the market remains nervous about potential supply
disruptions from the region. This is keeping prices well-supported
for now,” ING commodities strategists Warren Patterson and Ewa
Manthey wrote in a commentary on Tuesday.
In the bond market, U.S. Treasury yields were near their
multi-decade highs. The 10-year U.S. Treasury yield eased to around
5.27%, after it briefly crossed the 5.35% mark at its highest level
since 2002.
Investors are looking for higher returns to hold government bonds,
as inflationary pressures have been rising, driven in part by the
energy shock from the Iran war, while U.S. national debt has
surpassed a record $40 trillion.
The U.S. dollar rose to 158.18 Japanese yen from 157.91 yen. The
euro was trading at $1.1238, up from $1.1223.
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