Asian share markets edged higher on Monday as strong demand for data from artificial intelligence applications supported chipmakers. Japan’s Silver Week holiday kept trading thin, with the yen steady at 157.00 per dollar as investors watched for possible Bank of Japan intervention after Friday’s reported rate checks. South Korea’s index rose 1.1%, while MSCI’s broad Asia-Pacific gauge excluding Japan gained 0.3%. U.S. and European equity futures also advanced. Bond markets remained under pressure after two-year U.S. Treasury yields climbed 36 basis points over two weeks to 4.7604%, their highest level since mid-2024. Futures put the probability of another Federal Reserve rate increase in October at 56%, while a move by year-end was widely priced. BofA analysts maintained their call for two additional increases, in October and December, citing strong consumer spending and persistent inflation risks. Oil stayed above $100 a barrel as hopes for Saudi supply restoration offset the impact of a Houthi attack on Riyadh and renewed threats between Iran and the United States. Brent crude was $103.68 a barrel and U.S. crude was $100.02. Reports said Saudi Arabia was seeking to restart some flows through its damaged East-West pipeline, but details were limited. CBA estimated global oil and refined-product inventories could run down in five to 10 weeks, compared with 15 to 20 weeks two weeks earlier, potentially increasing pressure on Washington to reach an arrangement with Iran involving flows through the Strait of Hormuz and access to the Bab el-Mandeb passage. Gold eased to $4,370 an ounce as higher yields reduced demand for the non-interest-paying asset. U.S. President Donald Trump is due to attend the United Nations General Assembly this week before meeting Chinese President Xi Jinping on Thursday.