Asian stocks diverged from Wall Street's tech-led rally as persistent volatility in South Korean equities underscored lingering concerns over the artificial intelligence trade, while the yen slipped after its intervention-led gains, Bloomberg reported. MSCI's Asia Pacific gauge dropped 0.7%, heading for a second day of declines after surging 5% on Friday, with a regional semiconductor gauge down 1% and Korea's Kospi off 1.1% after earlier gaining 2.1%. The yen fell 0.3% to 157.64 per dollar following four days of gains built on last week's coordinated US-Japan action.

Wall Street sentiment stayed firmer, with Nasdaq 100 futures up 0.4%; Palantir surged 14% after hours on raised forecasts, while Amazon slipped 1.6% post-market after Chair Jeff Bezos disclosed share-sale plans, a day after the company reached a $3 trillion valuation, according to Bloomberg. U.S. President Donald Trump said his latest offer of talks was Tehran's "last chance" and that he expects a full reopening of the Strait of Hormuz; WTI rose 0.8% to about $81 a barrel after sliding over 5% on Monday. The 10-year Treasury yield climbed two basis points to 4.69%, while Japanese bond yields surged after a weak 10-year auction. Global X's Billy Leung said investors are waiting for data rather than rhetoric, with Friday's US payrolls the next real test. SpaceX reports its first earnings as a public company Tuesday.