Asian stocks advance following a rally on Wall Street and oil prices fall

HONG KONG (AP) — Asian stocks were mostly higher Tuesday after an AI-led rally on Wall Street ahead of major corporate earnings and central-bank decisions. U.S. futures edged lower after earlier gains and oil prices extended losses. South Korea's Kospi jumped more than 4% and closed 3.1% higher at 5,638.34. Computer chipmaker SK Hynix rallied 5.2% and Samsung Electronics gained 4.2%. SK Hynix is set to release its third-quarter earnings Wednesday, a day before rival Samsung Electronics reports its results. Samsung estimated a record operating profit for the last quarter at 107.4 trillion won ($80 million), up nearly eight-fold from a year earlier.