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The Nexus
BUSINESSJul 16 · 08:55 UTCWTOP DCWTOP Staff

World shares mostly decline with South Korea’s Kospi down 6.4%, while oil prices slip

World shares declined with South Korea’s Kospi dropping 6.4% due to an interest rate hike and AI-related selling, while oil prices fell slightly amid U.S.-Iran tensions. TSMC announced a $100 billion U.S. investment and record earnings, boosting its shares, and Alibaba gained after Apple Intelligence received regulatory approval in China.

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