Asian Chips Rally as Oil Nears $100 on Middle East Tensions - Asia Market Wrap
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05:21:02 AM UTC
SquawkNews
Asian chip stocks extended their rally as continued enthusiasm for artificial intelligence outweighed growing concerns over escalating tensions in the Middle East. Oil prices climbed toward $100 a barrel as the conflict threatened further disruptions to global energy supplies
05:37:39 AM UTC
SquawkNews
By Ronnie HaruiBrent crude oil is approaching the psychologically important $100-a-barrel level, as the escalating conflict in the Middle East amplified fears of supply disruptions in the region.The U.S. destroyed five Iranian oil tankers on Tuesday in response to fresh attempts by Iran to strike U…
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