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Asia equities lift on AI data demand; oil eases

Asia shares edged higher as AI demand for data supported chipmakers. Oil eased on hopes Saudi Arabia could boost supplies, offset by news of a Houthi attack on Riyadh. Trading was thin with Japan on Silver Week holiday through Wednesday.

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Share markets in Asia edged higher on Monday as AI’s insatiable demand for data supported chipmakers, while oil eased as hopes Saudi Arabia could boost supplies offset news of a Houthi attack on Riyadh. Trading was thin, with Japan on its Silver Week holiday through Wednesday, leaving the region without its biggest market.