Asian equities rally as easing Middle East tensions send oil lower; Kospi lags

Asian equities rose broadly on Monday as easing Middle East tensions and a pullback in crude oil toward $85 a barrel improved risk sentiment. The article says investors are balancing mixed Wall Street cues with corporate earnings, interest-rate expectations, and macro developments. Japanese sentiment was held back by falling support for the prime minister amid inflation concerns, while China’s market focus included a major memory-chip IPO and improving industrial profit growth. Traders are also watching China’s upcoming Politburo meeting and Australia’s Q2 CPI for policy and inflation signals. The main market takeaway is that the decline in oil prices and reduced geopolitical stress supported regional stocks, while domestic political and macro catalysts kept cross-asset caution in place.