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The Independent UK
The Independent UK
National
Chan Ho-Him

Asian shares gain and oil slips back despite a barrage of attacks by Iran

South Korea Financial Markets - (Copyright 2026 The Associated Press. All rights reserved.)

Asia shares were mostly higher on Wednesday with benchmarks in Japan and South Korea jumping as oil prices fell back slightly despite a barrage of attacks by Iran on its Gulf neighbors.

U.S. futures rose 0.4% after a session of moderate gains on Wall Street ahead of the Federal Reserve's decision on interest rates later in the day. With higher oil prices feeding into other inflation, the Fed is widely expected to keep rates on hold.

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