Asian shares rise after US gains driven by AI-linked companies

Asian shares opened higher, mirroring Wall Street’s gains driven by AI-linked companies. Gold and oil saw slight declines following a reported Middle East peace deal. Investors are closely watching China’s market reopening after a holiday break, balancing AI enthusiasm against cautious consumer spending data.

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Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation

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