Asian stocks rallied on Thursday, led by a 4% surge in South Korea's Kospi, as investors reacted to a blockbuster revenue forecast from Nvidia and the suspension of a strike at Samsung Electronics.
MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.2%, snapping a four-day losing streak.
Brent crude futures edged up 0.7% to $105.76 a barrel, after three supertankers passed through the Strait of Hormuz on Wednesday, easing supply fears.
On Wall Street, the S&P 500 rose 1.1% and the Nasdaq Composite rallied 1.5% after three days of declines. President Trump said the US was ready for further action against Iran but suggested waiting for peace talks.
Nvidia's better-than-expected revenue forecast lifted Asian chipmakers, as CEO Jensen Huang aimed to reassure investors of sustained demand for its flagship AI chips. However, Nvidia shares fell 1.1% in extended trading, with analysts noting muted reaction by lofty standards.
In Seoul, Samsung Electronics shares surged more than 6% after the company's union agreed to suspend industrial action upon reaching a tentative pay deal, averting a strike by nearly 48,000 workers that threatened global chip supply.
Japan's Nikkei 225 rose 1.9%, while Australian shares gained 1.5%. The US 10-year Treasury yield rose to 4.588% after Fed minutes showed policymakers increasingly concerned about inflation.
Bitcoin slipped 0.3% to $77,453; ether fell 0.3% to $2,127.