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The Economic Times

Business

Global Market Today: Asian stocks rise following chip rally, oil slips

Oil South Korea United States Semiconductor

Asian stocks gained as investors piled back into semiconductor stocks on renewed optimism over AI-driven demand. Oil fell.

The MSCI Asia Pacific Index climbed 0.5%, led by a 2.6% rally in South Korea’s Kospi, though the regional benchmark remained on track for a weekly loss. SK Hynix Inc. swung between gains and losses in Seoul trading after raising $26.5 billion in its American depositary share offering.

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