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Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver

Asian shares were mixed on Monday as volatility in technology stocks persisted, while U.S. futures edged higher ahead of a week of corporate earnings. Oil fell more than 1% after President Donald Trump waived sweeping sanctions on Russia, including on its energy sector, a move likely to boost Russian energy exports. South Korea’s Kospi rose 1.1% to 5,729.58, but it is still down more than 18% over the past month and well below the 9,000 level it crossed in June. Japan’s Nikkei 225 lost 0.8%, while China’s Shanghai Composite gained 0.2% to 3,722.20 after the economy grew 4.5% in the July-September quarter, and Indonesia’s index fell another 5% to its lowest since 2020 after an MSCI warning about a possible downgrade from “emerging market” status. Brent crude fell 1.8% to $107.86 a barrel and U.S. crude dropped 1.6% to $97.43, though prices remain elevated compared with before the Iran war, with supply risks in the Strait of Hormuz still high.

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