By Rebecca Feng
The tech-stock rout seems to be over.
The S&P 500 and Nasdaq look set to break a weeklong losing streak, with contracts tied to Nasdaq 100 advancing more than 1%.
Oil prices are reacting cautiously to the resumption of peace talks between the U.S. and Iran, which have agreed to halt hostilities after days of tit-for-tat strikes. Futures for Brent crude, the international benchmark, inched up to around $73 a barrel. Fighting over the weekend again heightened the risks to vessels transiting through the Strait of Hormuz.
Overseas, South Korean stocks pared their losses after president Lee Jae Myung unveiled a massive investment plan in the country's semiconductor sector, data centers and robotics. As part of that plan, Samsung Electronics and SK Hynix said they'll invest $520 billion in new chipmaking facilities, as they race to meet demand.
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