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BUSINESSAug 5 · 05:00 UTCWDIV CLICKONDETROITElaine Kurtenbach, Associated Press

Oil prices ease and Asian shares gain on hopes for Mideast deal, as companies report strong profits

Asian shares surged and oil prices fell due to hopes for a Middle East deal and strong corporate earnings. Tech and semiconductor stocks, including Kioxia, Advantest, SK Hynix, Samsung, and TSMC, led market gains as investors anticipated progress in reopening the Strait of Hormuz.

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KioxiaorganizationAdvantestorganizationSK HynixorganizationSamsung ElectronicsorganizationTSMCorganizationStrait of HormuzplaceIranplaceOmanplaceAItopicsemiconductorstopic
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