Asia shares wobble, oil prices climb and gold makes a comeback

Precious metals were meanwhile recovering from a rout. Spot gold reclaimed the $5,000 level and was up 1.5% at $5,014.31 an ounce, while silver rose 1.7% to $86.57 an ounce.

Asian stocks were on shaky ground on Wednesday, following steep losses in US and European equities on fears that advancements in artificial intelligence could supplant traditional software.