<\/p>\n
Oil prices extended gains Wednesday as Middle East peace talks stuttered, though stocks mostly rose on the back of continued demand for all things linked to artificial intelligence.<\/p>\n
Despite President Trump’s assurances that the U.S. and Iran are edging closer to ending their three-month-long war and reopening the Strait of Hormuz, crude investors appear unmoved as they await solid progress.<\/p>\n
Uncertainty about a peace deal pushed oil prices up more than 1%, with both main contracts up around 5% this week.<\/p>\n
However, stocks extended their breathtaking rally, fueled by the tech sector and demand for artificial intelligence. Tokyo climbed more than 2%, helped by a more than 11% surge in chipmaker Tokyo Electron, while Advantest also jumped.<\/p>\n
Taipei was up a similar amount thanks to Taiwan Semiconductor Manufacturing Company’s strong advance.<\/p>\n
Shanghai, Sydney, Singapore and Manila were also up, though Hong Kong, Wellington and Jakarta retreated. Seoul was closed for a holiday.<\/p>\n
The gains followed another record for the S&P 500 and Nasdaq on Wall Street, where chipmaker Marvell Technology soared more than 32% after Nvidia CEO Jensen Huang hailed it as the next trillion-dollar firm.<\/p>\n
Adding to the upbeat mood among equity traders was data showing U.S. job openings jumped in April to their highest level in 23 months.<\/p>\n
The reading comes ahead of employment data on Friday that could determine if the Federal Reserve will keep its benchmark rate stable or potentially hike borrowing costs to fight inflation.<\/p>\n<\/p><\/div>\n
Iran launches deadly attack on Kuwait airport after U.S. strikes, as Trump says talks ongoing
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#Iran #launches #deadly #attack #Kuwait #airport #U.S #strikes #Trump #talks #ongoing<\/p>\n","protected":false},"excerpt":{"rendered":"
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