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Asian Market Updates

Asian Shares Slide As Tech Stocks Pullback On Broadcom Earnings

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Asian stocks retreated on Thursday as investors pulled back from technology and semiconductor shares following a weak forecast from U.S. chipmaker Broadcom.

Also, ongoing tensions between Washington and Tehran kept oil prices elevated, raising concerns about inflation and interest rates.

The dollar consolidated recent gains to hover near a two-month high, driven by escalating Middle East tensions after attacks on Kuwait damaged its airport and injured dozens.

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