Global Market Today: Asian chip stocks rise, oil climbs towards $100

Global Market Today: Asian chip stocks rose on sustained investor interest in artificial intelligence technologies, with the Kospi index in South Korea gaining one percent. The gains were largely due to major chip firms. As Middle Eastern conflicts intensified, Brent crude oil prices edged closer to $100 per barrel. Market participants are eagerly anticipating US consumer price data, which could influence the Federal Reserve's upcoming interest rate decisions. Asian chip stocks extended their recent gains as investor enthusiasm for artificial intelligence technologies lingered. Escalating Middle East hostilities pushed Brent crude toward $100 a barrel. The market is awaiting US consumer price data to gauge its impact on the Federal Reserve's interest rate decisions.