Asian Shares Mostly Higher On Tech Boost

Asian stocks rose broadly on Monday, with technology stocks leading the surge amid renewed optimism in artificial intelligence infrastructure demand.

Investors kept a close eye on the situation in the Middle East after the U.S. and Iran exchanged fire in the contested waters of the Strait of Hormuz over the weekend, fueling concerns over prolonged disruption to energy supplies.

Traders also grappled with signs of U.S. economic resilience and expectations of an interest-rate hike at the upcoming Federal Reserve policy meeting.