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Asian stocks climb on chips and US inflation
Most Asian stocks rose today, Thursday, led by Japanese semiconductor companies after strong results from Micron Technology, which expects revenues to surpass expectations in the first quarter, supported by demand for chips, especially in the field of artificial intelligence. Weak US inflation data helped reduce expectations of interest rate hikes, supporting stock markets, while Chinese and Indian markets declined due to holidays and market issues. Additionally, data showed US inflation rising to an annual rate of 2.6%, helping to ease concerns about potential further interest rate increases.
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