Oil prices rise and analysts see Big Tech selloff linked to traders locking in gains

Shares were mixed Monday in Europe and Asia, with Japan’s Nikkei 225 leading advances after stocks rose on Wall Street.

Oil prices rose as the status of efforts to end the conflict in the Middle East remained uncertain.

In early European trading, Germany’s DAX rose 0.3% to 26,411.01, while the CAC 40 in Paris edged 0.1% lower, to 8,703.73. Britain’s FTSE 100 lost 0.3% to 10,869.35.

The future for the S&P 500 was up 0.1%, while that for the Dow Jones Industrial Average slipped 0.1%.

In Tokyo, the benchmark Nikkei 225 jumped 2.1% to 66,970.22, pulled higher by strong gains for technology companies.

Computer chip equipment maker Tokyo Electron climbed 4.1%, while chip testing device maker Advantest rose 6.4%.

In South Korea, the gains were more modest, as the Kospi added 0.7% to 6,299.66 as shares in major chipmakers slipped. Samsung Electronics lost 0.4%, while its smaller rival, memory chipmaker SK Hynix, lost 0.1%.

Analysts said foreign investors were selling shares in the Big Tech companies to lock in profits from recent gains and........

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