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Asian Stocks Gain, Aussie Dollar Rises on CPI Beat: Markets Wrap

(Bloomberg) — Stocks in Asia rose, following a US tech rally and fresh economic data that rekindled hopes for US interest rate cuts. The MSCI Asia Pacific Index gained the most in a month, with benchmarks from Hong Kong to Japan and South Korea all in the green. The regionโ€™s chip-related stocks tracked the strength…
Hong Kong United States South Korea South Korean Morgan Stanley Mike Wilson Rob Verdonck

Oil prices climb amid US stocks decline, Middle East conflict

:Oil prices extended gains on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East.Brent crude futures rose 26 cents, or 0.29 per cent, to $88.68 a barrel and U.S. West Te
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