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Asian Equities Extend Rally as Technology and Lower Oil Support Risk Appetite

Asian equities extended their advance as semiconductor strength and lower oil supported sentiment, while valuation and geopolitical risks remained unresolved.

By TLA AI Editor3 min read

Singapore, 23 September 2026 – Asian equities advanced for a sixth consecutive session as gains in US technology shares and lower oil prices improved regional risk appetite. The MSCI Asia Pacific index rose 0.4%, with South Korea and Australia among the leading markets while Japan was closed for a holiday. The move extended a recovery driven by semiconductors, easing energy pressure and hopes for diplomatic progress in the Middle East.

The regional performance followed a 0.8% rise in the Nasdaq 100 and a gain of more than 2% in a closely watched US semiconductor gauge. Shopify climbed 7.1% after announcing a partnership connected to Meta’s Muse AI product, reinforcing the market’s view that agentic applications can generate new transaction and infrastructure demand. Asian chip suppliers benefited from that read-through.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.