Asian Shares Surge, Oil Prices Climb Amid US Gains and Iran Protests
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CNBC TV18•12-01-2026, 06:41
Asian Shares Surge, Oil Prices Climb Amid US Gains and Iran Protests
- •Asian shares opened higher, mirroring US gains driven by positive jobs data.
- •Oil prices rose significantly due to intensifying protests in Iran, raising geopolitical concerns.
- •Equities in Australia, South Korea, and Hong Kong futures saw increases, following the S&P 500's all-time high.
- •US Supreme Court's delay on Trump's tariffs and Fed Chair Powell's subpoena news impacted dollar movement.
- •Taiwan Semiconductor Manufacturing Co.'s strong revenue report could boost Asian tech shares.
Why It Matters: Global markets show fragile calm with Asian shares and oil prices rising despite geopolitical tensions.
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