Asian stocks rise on tech rally and lower oil prices
Asian shares advanced as Meta Platforms AI demand revived tech sector confidence. Meanwhile, the dollar held strong amid expectations of further interest rate hikes.
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Technology shares powered South Korea and Taiwan higher during Tuesday morning trade, lifting Asian equities 0.75% as crude oil stalled near $100 per barrel. The advance followed robust demand for META PLATFORMS INC-CLASS A Muse AI agent. The rally provides a fresh cushion for global portfolios following safety warnings from artificial intelligence leaders.
