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

Asian chip stocks experienced a remarkable uptick, fueled by lingering investor enthusiasm for artificial intelligence technologies. As Middle Eastern conflicts intensify, Brent crude oil prices are edging closer to the $100 per barrel mark. The Kospi index in South Korea gained one percent, largely due to gains from major chip firms. Market participants are eagerly anticipating US consumer price data, which could influence the Federal Reserve's upcoming interest rate decisions.