Global Market Today: Asian shares rise as chipmakers gain, oil climbs

· economictimes.indiatimes.com

Asian shares advanced as regional chipmakers gained on artificial intelligence buildout expectations. Oil extended its rally after Houthi militants targeted Saudi Arabian tankers in the Red Sea. Alphabet Inc. raised its capital spending significantly, impacting US equity futures negatively. Investors are scrutinizing megacap earnings for AI return on investment signs. Geopolitical tensions and rising energy prices complicate the Federal Reserve's policy outlook.

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