Oil prices edged up after their recent plunge, with Donald Trump and Iran giving conflicting views on peace talks, while stocks mostly rose Tuesday after last week’s tech-led rollercoaster ride, as investors tracked a record day on Wall Street.

South Korea’s Kospi ended an up-and-down day with gains as chip giants SK hynix and Samsung — which have been the poster boys of a month-long AI-themed rout — ticked higher. The gains followed a positive day in New York, where the Dow ended at an all-time high, helped by another impressive Amazon surge that pushed it past the $3 trillion market capitalisation and helped ease fears about the vast capital spending on artificial intelligence.

Seoul finished up more than one percent, having last week fallen around 17 per cent in three days before soaring nearly 18 percent Friday and falling again Monday. Tokyo was lifted as chipmaker Kioxia and tech firm Tokyo Electron rallied, while Shanghai, Sydney, Singapore, Wellington and Jakarta were also up. London, Paris and Frankfurt also advanced. However, Hong Kong, Taipei, Mumbai and Manila edged down.

After the past month’s wild volatility, some analysts are more upbeat about the outlook, even as some continue to fret. “Earnings remain supportive, investment in AI infrastructure is still firm, and the US economy appears to be slowing at the margins rather than breaking beneath the surface,” wrote SPI Asset Management’s Stephen Innes. “That does not guarantee an uninterrupted move higher, but it gives the rebound a more credible foundation than short covering alone.”

Traders are now keeping an eye on earnings from SpaceX this week as well as the release of key US jobs data that could provide a fresh guide for the Federal Reserve as it plots its next move on interest rates.

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