Asian shares advance and oil prices fall as Israel and Hamas agree to pause fighting

Market Overview - Asian shares mostly higher following record highs in US stocks after a brief decline [1] - Mainland China markets gained over 1% as they reopened after a weeklong holiday [1] Oil and Gold Prices - Oil prices fell after Israel and Hamas agreed to pause fighting in Gaza, reducing regional risks [2] - U.S. benchmark crude decreased by 44 cents to $62.11 per barrel, while Brent crude fell by 38 cents to $65.87 per barrel [3] - Gold prices decreased but remained high at $4,048.20 per ounce [3][4] Stock Market Performance - Japan's Nikkei 225 rose 1.3% to 48,369.90, driven by an 11% surge in SoftBank Group due to its AI expansion [3] - The S&P 500 reached a record high of 6,735.72, increasing by 0.6% [5] - The Dow Jones Industrial Average slightly decreased by less than 0.1% to 46,601.78, while the Nasdaq composite rose 1.1% to a record of 23,043.38 [5] AI Sector Developments - Advanced Micro Devices (AMD) surged 11.4% following an AI-related deal, becoming the best-performing stock in the S&P 500 [7] - Dell Technologies rose 9.1% due to positive growth opportunities related to AI [7] - Poet Technologies climbed 17% after raising $75 million for growth in the AI systems market [8] - AI-related stocks have seen significant gains, with Nvidia up nearly 41%, Oracle up 73.2%, and Palantir Technologies more than doubling with a 143% surge [8] Market Sentiment - Concerns are rising about stock prices being excessively high, reminiscent of the 2000 dot-com bubble [9]