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Asian markets rise on semiconductor gains
Asian stock indices recovered on Wednesday after earlier declines, led by rises in semiconductor company stocks that fueled the market rebound, despite pressure from declines in banking shares. The Korean Kospi index rose by 1.7%, marking its longest winning streak in 21 months, while the Japanese Nikkei increased by 0.61%. Analysts expect markets to await American corporate earnings reports and developments in the U.S. elections, with investors also eyeing the upcoming U.S. inflation report.
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