Asian stock markets showed gains early Tuesday, fueled by a positive outlook following a strong performance on Wall Street the previous day. Australia's S&P/ASX 200 increased by 0.2% to 8,748.20, while South Korea's Kospi climbed 1.6% to 7,120.25. Hong Kong's Hang Seng Index rose nearly 0.6% to 25,185.26, and China's Shanghai Composite gained 0.4% to 3,964.45. Tokyo's markets were closed for a holiday and will reopen on Thursday. On Monday, Wall Street saw a notable rise, with the S&P 500 climbing 1.5% and nearing its all-time high from last month. The Dow Jones Industrial Average added 366 points, or 0.7%, and the Nasdaq Composite surged 2.3% to reach its own record high, driven by strong performances in the chip and artificial intelligence sectors. The recent drop in oil prices has supported stock markets, even as energy prices have risen slightly in Asian trading sessions. Crude oil prices showed modest increases, with U.S. benchmark crude rising 0.43% to $96.19 a barrel and Brent crude climbing 0.65% to $100.99 a barrel. These levels are still significantly higher than the roughly $72 seen earlier this summer but have fallen from the nearly $110 peak reached last week. Oil prices have been fluctuating as some crude shipments pass through the Strait of Hormuz, though not at the levels desired by the industry due to ongoing conflicts in the Middle East. The recent decrease in oil prices has helped ease pressure on the bond market. The yield on the 10-year U.S. Treasury note fell to 4.95% from 5.01% late Friday after briefly crossing above the 5% threshold last week for the first time since 2023. Global markets have also received a boost from AI stocks, which have continued to strengthen after a decline at the start of last week. Industry leaders have recently expressed concerns that a slowdown in the industry's development might be necessary for the safety of humanity. On Wall Street, the S&P 500 rose 114.20 points to 7,764.70, the Dow Jones Industrial Average added 366.19 to 52,048.83, and the Nasdaq Composite climbed 599.55 to 27,122.09. In currency markets, the U.S. dollar edged up to 157.43 Japanese yen from 157.31 yen, and the euro rose to $1.1474, up from $1.1469.