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Asian stocks were up 0.4% near their record as traders remained bullish on AI trade.
South Korea's chipmakers, including Samsung and SK Hynix, are expected to benefit from global AI expansion.
KEY POINTS
- Brent crude prices exceeded $104 per barrel due to stalled negotiations and a key waterway closure.
- US Treasury yields held at 4.42% as rising oil prices pressured global bond markets.
- Multiple Wall Street strategists have raised S&P 500 year-end targets citing strong Q1 earnings and AI momentum.
- The Indian government is considering curbing imports of gold and electronics to support forex reserves.
COMPANIES
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