Global Market Today: Asian stocks recover as chips rebound, oil dips

Asian stocks edged higher led by a 1.5% rise in Japan's Nikkei 225 after a holiday, with chip stocks rebounding from last week's US selloff and South Korean shares closing up 0.2%. Brent crude dipped about 0.3% to around $89 a barrel amid concerns over potential disruptions to Saudi Arabian exports via the Red Sea after Houthi rebels threatened to blockade the route. Geopolitical tensions remained elevated with the Trump administration vowing 50% tariffs on some Canadian goods and US forces striking Iranian targets, while investors await US megacap earnings starting Wednesday with Tesla and Alphabet.