HONG KONG (AP) — Asian stocks advanced Tuesday after U.S. stocks rallied, recovering most of their big losses from last week.

U.S. futures edged higher and oil prices fell.

Japan’s benchmark Nikkei 225 rose 2.6% to 60,279.37.

Shares in OpenAI investor SoftBank Group jumped 15% ahead of the company’s earnings release later in the day. Its share price had fallen to its lowest level in a year on Monday.

Computer chip equipment maker Tokyo Electron surged 5.6% and testing equipment maker Advantest gained 3.4%.

South Korea’s Kospi climbed 4% to 5,219.37. Chipmakers Samsung Electronics gained 4.6% and SK Hynix climbed 5.6%.

In Hong Kong, the Hang Seng rose 0.4% to 24,535.74, while the Shanghai Composite index edged 0.4% higher to 3,673.54.

China’s exports in October climbed 35.2% from a year earlier, while imports grew 41.6%, according to customs data released on Tuesday.

That has put the country on track for another record for the year since the trade surplus for 2026 has already surpassed $1…