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BUSINESSAug 5 · 05:23 UTCAP NEWS

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

Asian stock markets surged and oil prices fell due to hopes for a Middle East deal and strong corporate earnings. Tech and semiconductor stocks led gains in Tokyo, Seoul, and Taiwan, while Brent crude dropped on progress toward reopening the Strait of Hormuz.

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