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Asian stocks rose modestly, with the MSCI Asia-Pacific Index up 0.3%, as investors weighed the strength of technology shares against concerns over reports that Nvidia’s board had discussed CEO Jensen Huang’s future and the possibility of looking for successors. Nvidia shares fell more than 8% after the market close, amid fears that leadership turmoil could undermine investor confidence despite continued strong demand for computing and AI. Ahead of the Federal Reserve’s decision, the odds of a 25-basis-point rate hike at its December 9 meeting stood at 87.3%, compared with a 12.7% chance of a 50-basis-point hike, while oil prices hovered near two-month lows.
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