Economic TimesLean R·
Asian stocks rebound on Iran optimism, AI trade
Asian stocks rebounded from their biggest drop since March as tensions in the Middle East eased and a selloff in artificial intelligence shares abated.The Kospi Index, the world’s best-performing gauge this year on the back of AI trade, gained 4.4% and the Nikkei rose 0.9%. That sent the broader MSCI Asia Pacific Index higher by 0.9%, following three days of losses spurred by factors including bets for an interest-rate hike by the Federal Reserve.Advances in Asia came after Wall Street gauges r…
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