Economic TimesLean R·
Global Market Today: Asian shares rise as chips rally, oil advances
Asian shares advanced, led by a rally in chipmakers and South Korean stocks. Oil prices extended their gains for a third day, reaching about $78.80 a barrel. Treasury yields rose as markets anticipated earlier Federal Reserve interest rate increases. These events have reignited inflation concerns among investors and traders. Markets are now grappling with elevated stock valuations after recent gains.
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