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Asian U.S. stocks were mostly higher on Thursday after hitting record highs again following a brief decline.
Mainland China markets rose more than 1% after reopening after a week’s holiday, while US futures fell.
After this oil prices fell back israel And Hamas On Wednesday, it was agreed to stop the fighting in Gaza so that the remaining hostages there can be released in exchange for Palestinian prisoners in the coming days.
The approval of elements of the plan put forward by the Trump administration represents the biggest breakthrough in months in the devastating two-year-old war and the least risk in the volatile region.
U.S. benchmark crude slipped 44 cents to $62.11 a barrel. Brent crude, the international benchmark, fell 38 cents to $65.87 a barrel.
Sleep It lost some of its impressive gains, but as of Thursday morning it was still at $4,048.20 an ounce.
Japan’s Nikkei 225 rose 1.3% to 48,369.90 as SoftBank Group rose more than 11% amid further expansion in artificial intelligence.
On Wednesday, SoftBank announced a $5.4 billion deal to acquire the robotics unit of Swiss engineering firm ABB.
Hong Kong’s Hang Seng index rose less than 0.1% to 26,840.95, while the Shanghai Composite index rose 1.2% to 3,931.07 in its first trading session since Oct. 1.
Australia’s S&P/ASX 200 rose 0.2% to 8,965.90 while Taiwan’s Taiex rose 1.3%.
On Wednesday, Wall Street started rising again and the price of gold rose beyond $4,000 an ounce.
The S&P 500 rose 0.6% to 6,735.72, setting another record a day after breaking a seven-day winning streak. The Dow Jones Industrial Average fell less than 0.1% to 46,601.78, while the Nasdaq Composite rose 1.1% to its record of 23,043.38.
Trading has been relatively slow recently following the latest US government shutdown. The closure is delaying the release of several key economic reports that typically influence the market. Stocks have been floating without those or other signs to change expectations of an interest rate cut by the Federal Reserve, a major reason for the stock market’s surge since April.
Another force that has driven the market to record highs is the frenzy surrounding artificial-intelligence technology.
Advanced Micro Devices added 11.4% to its rally earlier in the week after it announced an AI-related deal. AMD was the best performing stock in the S&P 500.
Right behind it was Dell Technologies, which added more gains to its rally from Tuesday after it talked about its growth opportunities related to AI. Dell rose 9.1%.
Poet Technologies climbed 17% and soared from Tuesday, when it said it had raised a $75 million investment to accelerate its growth. The company sells high-speed optical engines and other products used in the AI systems market.
AI-related stocks have largely declined. Nvidia is up nearly 41% so far this year. Oracle has surged 73.2% during the same time, while Palantir Technologies has more than doubled with a nearly 143% surge.
The performance has been so strong that there is growing criticism that prices have gone too far, as happened during the dot-com mania of 2000. That bubble eventually burst and the S&P 500 lost half its value.
In other deals early Thursday, the US dollar fell to 152.57 JPY from 152.70 yen. The euro rose to $1.1646 from $1.1629.
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AP Business Writers Stan Cho, Matt Ott and Kelvin Chan contributed.