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Asian Tech Shares Rally
Asian stocks jumped Tuesday, led by South Korea and Japan, as investors returned to technology and chip stocks after strong gains on Wall Street, while falling oil prices helped ease inflation fears. The Kospi rose 4.31% to 5,235.14, and the Nikkei 225 gained 2.8% to 60,398, while the MSCI Asia-Pacific index advanced about 2%. Investors remained cautious ahead of US inflation data, as Nvidia shares fell 4.2% and concerns persisted over the sustainability of the technology sector’s recovery.
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