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The Nexus
BUSINESSAug 12 · 08:35 UTCWTOP DCWTOP Staff

Shares are mostly higher in Asia, with Kospi up 3.7%, while oil prices gain

Asian shares were mostly higher on Wednesday, exemplified by the Kospi gaining 3.7% and Nikkei 225 gaining 0.8%. Oil prices advanced due to persistent doubts regarding when conflicts with Iran will allow crude flow freely again. These market movements occurred amid renewed concerns over hostilities in the Middle East and potential disruptions to regional shipping routes.

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