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Asian Markets Surge on AI Optimism and Oil Gains

2/21/2025

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Story summary
  • Asian shares rose on Friday, rebounding from Wall Street's decline amid diminishing U.S. exceptionalism.
  • Chinese stocks surged, fueled by growing optimism in artificial intelligence (AI) developments.
  • Oil prices climbed, targeting a weekly gain, supported by falling U.S. gasoline inventories and worries over Russian supply disruptions.