Asian shares rallied sharply in Wednesday morning trading as oil prices tumbled following a two-week ceasefire agreement between the U.S. and Iran, which includes reopening the Strait of Hormuz.

Shares were mixed across Asia on Friday after a sharp sell-off in Nvidia dragged U.S. markets lower, marking the chipmaker’s worst trading day since last spring.

Asian markets mostly advanced on Thursday after stronger-than-expected earnings from Nvidia helped calm investor concerns about the sustainability of the artificial intelligence boom, even as U.S. futures edged lower.

Asian shares advanced Thursday following a rally on Wall Street led by chipmaker Nvidia, while geopolitical concerns over Iran weighed on U.S. futures and pushed oil prices higher.

Asian shares mostly climbed on Wednesday, led by gains in Japan, while several regional markets remained closed for the Lunar New Year holidays. U.S. stock futures were little changed, and oil prices edged higher.

U.S. futures and most Asian stock markets traded lower on Friday, following losses on Wall Street as renewed weakness in technology stocks continued to weigh on investor sentiment.

Asian shares mostly declined Monday, as Japan's benchmark took a tumble after the yen surged against the U.S. dollar.Asian shares mostly declined Monday, as Japan's benchmark took a tumble after the yen surged against the U.S. dollar.

Asian shares were mostly higher on Tuesday, led by a strong rally in Japan after Wall Street set fresh records overnight. U.S. futures edged lower, while oil prices moved higher.

Asian shares and U.S. futures rose on Tuesday following a strong finish on Wall Street.

Asian shares were mixed on Monday following a subdued post-Christmas session on Wall Street, even as tensions over Taiwan intensified. U.S. futures were largely unchanged.