The ASX nudged up but Wall Street fell sharply as fears over global tensions and doubts about AI profitability weighed on markets.

Oil prices surged after the region’s conflict escalated.

fears about weaker Chinese growth heightened unease .

Shares outside tech advanced while tech weighed the market down .

Heavyweights drove the advance.

Both Mineral Resources and BHP topped the list among the top gainers .

Major funds maintained bets on leading industries despite patchy signals everywhere .