Economic TimesLean R·
Global Market Today: Asian shares slip as oil jumps on Gulf attacks
Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and investor sentiment. Investors increased expectations for a Federal Reserve interest rate hike soon. Major banks and tech companies are set to release their quarterly earnings reports. South Korean chip stocks faced pressure, impacting the broader semiconductor sector globally.
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