
Chip Stocks Boost Markets as Oil Prices Surge Amid Middle East Tensions

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Asian markets saw tech stocks rise, driven by optimism in AI spending, while oil prices surged due to faltering U.S.-Iran peace talks, with Brent crude exceeding $107 a barrel. Natural gas prices also spiked, raising inflation concerns. Chipmakers gained attention after Intel's positive revenue forecast, boosting semiconductor shares in Taiwan and South Korea. Investors are cautious ahead of central bank meetings, with Goldman Sachs predicting Brent crude at $90 per barrel by year-end. Diplomatic tensions persist, but there are signs of potential easing regarding the Strait of Hormuz.
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