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

Oil rose as markets weighed an executive order from President Trump that waived some sanctions and tariffs on Russian energy, though Trump said he has yet to make a final decision; Brent gained 0.21% to $109.78 a barrel. Asian shares retreated broadly, with the MSCI Asia ex-Japan index down 0.93%, Japan's Nikkei 225 off 1.28% and South Korea's KOSPI down 3.61%. The dollar index slipped 0.05% and the euro rose to US$1.12, while spot gold fell 0.51% to $4,118.71 an ounce. Investors are looking to AI bellwether earnings, with Meta reporting on Wednesday; Goldman Sachs expects five AI hyperscalers to lift combined capex to about $1.2 trillion next year. South Korea's Elice Group opened 16% below its IPO price in its market debut after raising 201.1 billion won ($151.12 million).

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SPY

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