# Asia shares surge on tech mood swing, oil retreats

https://mins.news/en/item/13592

- Reuters, 2026-08-05 02:30 UTC
- Economy
- Original: https://www.reuters.com/world/china/global-markets-global-markets-2026-08-05/?link_source=ta_bluesky_link&taid=6a72a04b69018900011c1a75

> Asian stock markets rose sharply on Wednesday as strong corporate earnings and a renewed appetite for technology helped Wall Street reach record highs. At the same time, hopes that progress could be made toward reopening the Strait of Hormuz weighed on oil prices and bond yields. The market moves reflected both enthusiasm for technology demand and optimism over the strategic waterway.

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