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Asia stocks surge, yen steals spotlight after suspected intervention

Asia stocks surge, yen steals spotlight after suspected intervention

By Rae Wee SINGAPORE, July 31 (Reuters) - Asian markets rallied hard with Wall Street on Friday as South Korea's battered market made a record comeback, stirring hopes that the recent selloff in AI-linked assets may be near an end.
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Oil companies are expected to reap big profits because of US-Iran conflict

Oil companies are expected to reap big profits because of US-Iran conflict

Analysts are expecting major oil companies to report large profits while fighting between Iran and the U.S. impeded petroleum shipments
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South Korea July exports beat forecasts on robust demand for AI investments

South Korea July exports beat forecasts on robust demand for AI investments

SEOUL, Aug 1 (Reuters) - South Korea's exports grew more strongly than expected in July on global chip and computer demand for AI investments.
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Stocks boosted by tech earnings; bond yields hit multi-year highs

Stocks boosted by tech earnings; bond yields hit multi-year highs

By Karen Brettell July 31 (Reuters) - U.S. stocks rose on Friday as strong earnings from Amazon and Microsoft drew investors back into the AI trade, while longer-dated Treasury yields hit new multi-year highs on fears that rising oil prices could fuel inflation.
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IMF Adjusts Global Growth Forecast Amid Middle East Tensions

IMF Adjusts Global Growth Forecast Amid Middle East Tensions

The International Monetary Fund (IMF) has revised its global economic growth forecast for 2026, reducing it to 3% from the previous 3.1% due to ongoing geopolitical tensions in the Middle East. This adjustment reflects the impact of hostilities that have threatened the strategic Strait of Hormuz, causing disruptions in energy markets and affecting global trade. The U.S. economy, however, remains resilient with a projected growth rate of 2.3% for 2026. The IMF's report highlights the uneven impact of the conflict, with energy-exporting nations benefiting from favorable trade conditions, while technology-driven economies continue to show strong business activity.
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South Korea's Kospi share index falls 6% and other Asian shares are mixed as oil prices surge

South Korea's Kospi share index falls 6% and other Asian shares are mixed as oil prices surge

Asian shares are mixed, while South Korea’s Kospi share index fell 6% on prolonged selling of chipmaking shares
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Oil jumps nearly 7% on escalating Middle East airstrikes

Oil jumps nearly 7% on escalating Middle East airstrikes

By Stephanie Kelly LONDON, July 29 (Reuters) - Oil prices jumped nearly 7% on Wednesday as major airstrikes resumed in the Middle East and dashed hopes for an imminent end to the U.S.-Israeli war with Iran, while industry data showed U.S. crude inventories fell.
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World shares are mixed and South Korea's Kospi share index falls 6%, while oil prices surge

World shares are mixed and South Korea's Kospi share index falls 6%, while oil prices surge

Shares in Europe and Asia are mixed, while South Korea’s Kospi share index fell 6% in another bout of selling of chipmaking shares
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Analysis-AI race redraws Asian air cargo, replacing e-commerce as growth engine

Analysis-AI race redraws Asian air cargo, replacing e-commerce as growth engine

By Julie Zhu and Lisa Baertlein HONG KONG/LOS ANGELES, July 29 (Reuters) - The global race to build artificial intelligence is redrawing Asia's air cargo map, prompting airlines to redesign networks around growing semiconductor manufacturing hubs as cross-border e-commerce loses momentum.
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South Korea's Kospi share index falls 7% and other Asian shares are mixed as oil prices surge

South Korea's Kospi share index falls 7% and other Asian shares are mixed as oil prices surge

Asian shares are mixed but South Korea’s Kospi share index is trading about 6% lower on prolonged selling of chipmaking shares
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US markets mixed ahead of Fed decision and oil prices jump as Middle East violence flares

US markets mixed ahead of Fed decision and oil prices jump as Middle East violence flares

Markets on Wall Street were mixed before the opening bell and oil prices jumped more than 4% after Jordan and the U.S. knocked down another Iranian barrage launched against American forces in the Middle East
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Iran rules out Omani proposal to manage Strait of Hormuz

Iran rules out Omani proposal to manage Strait of Hormuz

By Parisa Hafezi, Timour Azhari and Ahmed Tolba DUBAI/CAIRO, July 29 (Reuters) - Tehran has ruled out Oman's proposal for regional joint management of the Strait of Hormuz, a senior Iranian official told Reuters on Wednesday, scuppering hopes for a resolution to the impasse that has choked off Gulf