Asian share markets edged higher on Monday as demand for data linked to artificial intelligence supported chipmakers, while oil prices remained above $100 a barrel. Trading was thin because Japan was closed for its Silver Week holiday through Wednesday, keeping the dollar steady at 157.00 yen as investors watched for any possible Bank of Japan intervention. Japan's Nikkei was shut, although futures rose 0.5%, South Korea's technology-heavy index gained 1.1% and MSCI's broadest Asia-Pacific index excluding Japan advanced 0.3%. U.S. and European equity futures also moved higher. Bond markets remained under pressure after U.S. two-year yields climbed 36 basis points over the past two weeks to 4.7604%, their highest level since mid-2024. Markets priced a 56% chance of another Federal Reserve rate increase in October and treated a hike by year-end as highly likely. BofA analysts retained their forecast for two further increases, in October and December, citing strong consumer spending and persistent inflation risks. Central banks in the European Union, the UK, Japan, Australia and New Zealand were also expected to tighten policy again before year-end, although the Swiss National Bank, Sweden's Riksbank and Norges Bank were seen holding rates at their Thursday meetings. European bonds faced additional pressure from fiscal concerns and political uncertainty, with the premium on French debt reaching its widest level since the euro zone debt crisis and German debt potentially affected by Chancellor Friedrich Merz's mainstream conservative party recording its worst election results since 1949. Oil prices were supported by new threats exchanged by Iran and the United States and a Houthi attack on Riyadh, while reports suggested Saudi Arabia was seeking to restart some flows through its damaged East-West pipeline. CBA estimated that global oil and refined-product inventories could be depleted in five to 10 weeks, compared with 15 to 20 weeks two weeks earlier, increasing pressure on Washington to reach an arrangement with Iran over flows through the Strait of Hormuz and access to the Bab el-Mandeb passage. U.S. President Donald Trump is due to attend the United Nations General Assembly this week before meeting Chinese President Xi Jinping on Thursday. Gold slipped 0.2% to $4,370 an ounce as higher yields reduced the appeal of the non-interest-paying asset.