Asian shares inch higher as chip selloff eases
Asian shares edged higher as artificial intelligence stocks recovered from a recent selloff. Investors remained cautious ahead of crucial US inflation data and rising oil prices.
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Asian shares rose 0.8% during Wednesday morning trading as artificial intelligence stocks recovered from a prior selloff, though gains remained checked by rising energy costs. The regional advance followed a ten-week low in the previous session across broader markets. Investors are weighing the rebound against upcoming inflation data from the United States.
