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Global stocks advanced as strong tech earnings revived confidence in the AI trade following last week's selloff, while oil climbed on renewed supply concerns. South Korea's Kospi rose 2.6% and Taiwan's Taiex gained 0.9%, supported by better-than-expected results from SpaceX and Super Micro Computer. SpaceX advanced 8.1
Reuters market wrap says U.S. indexes were mixed, with the Nasdaq down about 0.9% and the S&P 500’s communication services sector weakest. It also noted the U.S. 10-year Treasury yield rose to about 5.26%, while Bitcoin fell more than 1% and gold slid about 4%.