Oil prices ease and Asian shares gain on hopes for Mideast deal, as companies report strong profits

Asian shares surged and oil prices slipped following record U.S. stock market rallies. Benchmarks in Tokyo, Seoul, and Taiwan jumped over 3%, driven by AI-related companies and chipmakers. This momentum coincides with reports of strong profits from big oil companies, which achieved record earnings amid high oil prices. Investors remain optimistic as hopes grow for a Mideast deal, contributing to the overall stability and growth across regional financial markets and global energy sectors.