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Asian chip stocks climb as crude heads toward $100

Asian chip stocks extended gains on sustained investor interest in the AI trade. Brent crude pushed toward $100 a barrel as Middle East hostilities escalated.

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Asian chip stocks extended recent gains as investor interest in the artificial-intelligence trade remained firm. Escalating Middle East hostilities pushed Brent crude toward $100 a barrel. South Korea’s Kospi climbed 1%, helped by gains in both of the nation’s chip giants, SK Hynix Inc. and Samsun…