Asian stocks rise on AI-driven gains, currencies slip on peace deal concerns By Reuters
- Asian stock markets rose, driven primarily by gains in the artificial intelligence sector.
- Conversely, Asian currencies declined as a stronger U.S. dollar and uncertainty surrounding U.S.-Iran peace talks discouraged investment in emerging market assets.
- The MSCI EM currencies gauge fell 0.3% for the third straight session, with the Indonesian rupiah weakening to 17,818 per dollar and the Indian rupee dropping to 94.405.
- Market volatility persists as investors weigh the positive momentum of AI technology against geopolitical instability and currency fluctuations.
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Read original · thenews.com.pk