Asian stocks rallied on Monday as tech shares rebounded after Oracle announced a partnership with TikTok. However, Chinese stocks lagged behind due to concerns about escalating tensions with the US. The Nikkei 225 rose 0.65%, the Hang Seng Index gained 0.96%, and the Shanghai Composite fell 0.63%.

Investors are hopeful that the tech sector will continue to drive market gains after a volatile period. Oracle’s deal with TikTok brought relief to investors worried about the impact of US-China tensions on tech companies. The positive sentiment helped boost tech stocks in Asia, with Samsung Electronics and TSMC leading the gains.

Despite the overall positive trend in Asian markets, Chinese stocks struggled as US-China tensions escalated. The ongoing trade war and geopolitical tensions have weighed on investor sentiment, causing Chinese stocks to underperform compared to their regional counterparts. Investors are closely monitoring developments in the US-China relationship for potential market impact.

Read more at Investing.com: Asia stocks surge as tech rebounds from Oracle jitters, China lags