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The Economic Times
The Economic Times
Business

Global Market Today: Asian shares rise as chips rally, oil advances

Oil US Federal Reserve Inflation United States

Asian shares climbed for the first time in three days, following a rally in chipmakers. Oil extended its gains after the US said it struck Iran for a second straight day.

The MSCI Asia Pacific Index climbed 0.5%, with South Korean shares — a bellwether for semiconductors and artificial intelligence investments — climbing 3%. Japanese shares also rose.

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