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Asian stocks climb on tech and AI gains
Most Asian stocks rose today as technology and artificial intelligence shares recovered after a sharp sell-off in July. The strong performance of U.S. tech companies, especially following upward revisions to revenue and profit forecasts for firms like Palantir, Microsoft, and Alphabet, boosted risk appetite. In China, stocks outperformed the region with the CSI 300 index rising by 0.6%, while technology shares such as Foxconn and BOE rebounded. Meanwhile, the Hang Seng index fell by 0.6%. In Japan, market pressures persisted, with the Nikkei 225 decreasing by 0.6%. Asian markets are headed toward stability amid anticipation of the Reserve Bank of India's decision regarding interest rates, with expectations of keeping them unchanged.
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