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Asian stocks fall on higher oil and AI concerns
Most Asian stocks declined, as oil prices rose amid tensions over the prospects of a ceasefire between the United States and Iran, leading Brent crude to exceed $106 per barrel. Additionally, the yields on 30-year US Treasury bonds approached levels close to their highest since 2004. Chip company stocks were also affected after OpenAI suspended training and evaluation of its advanced models due to safety concerns, while rising energy costs impacted inflation and the potential for sustained increases in interest rates.
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