19 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
19 Hrsالاقتصادية
Source: الاقتصادية
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Asian semiconductor stocks, especially SK Hynix and Samsung Electronics, rose amid investor interest in artificial intelligence, with the Kospi index in South Korea increasing by 1.6%. At the same time, the Information Technology sector led gains in the MSCI Asia and Pacific Index, which rose by 0.6%. Meanwhile, Brent crude oil prices climbed to around $100 per barrel after Iranian tankers were targeted near Al Khawr island, amid growing fears of disruptions in the Strait of Hormuz, with oil prices having surged over 60% this year. The escalation in the Middle East is adding pressure on inflation and interest rate forecasts, with security threats from Iran. Investors are also watching the U.S. consumer price report scheduled for Friday to gauge the likelihood of a Federal Reserve interest rate hike.
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