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Asian shares tumble , oil rises as markets await AI sector results

Asian shares fell, with South Korea's KOSPI down 3.61% and Japan's Nikkei 225 down 1.28%, as investors awaited earnings from tech firms including Meta, Tesla and SpaceX. Brent crude rose 0.21% to US$109.78 a barrel after an executive order from President Trump waived some Russia-related sanctions and tariffs, though Trump said he had yet to make a final decision. The dollar held firm as riots in France lifted demand for safe-haven assets, while spot gold fell 0.51% to US$4,118.71 an ounce and the euro rose 0.06% to US$1.12. South Korean AI infrastructure firm Elice Group opened 16% below its IPO price on its market debut after raising 201.1 billion won, and bitcoin fell 0.67% to US$81,386.40.

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