Tech stocks rally across Asia as oil prices ease from peaks

Technology stocks drove the broader market advance across Asia on Monday, with gains concentrated in the region's largest listed companies. The sector's outperformance came as investors rotated into equities despite persistent headwinds in fixed income markets.

Crude oil prices eased from recent highs, with Brent crude slipping but holding above $100 per barrel. The modest pullback reflected some relief in supply concerns, though the ongoing US-Iran conflict continued to underpin prices at elevated levels. Traders remained cautious about potential disruptions to Middle Eastern crude flows.

Bond markets showed signs of strain as US Treasury yields continued to climb. Two-year yields rose 36 basis points over the past fortnight, reflecting expectations of higher interest rates and tighter monetary policy. The shift in yields weighed on sentiment in fixed income markets across the region.

Analysts noted the divergence between equity and bond market signals, with investors weighing technology sector growth prospects against macroeconomic headwinds. Market participants continued monitoring developments in US-Iran tensions and their potential impact on energy markets and broader economic growth.