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Oil rises on Mideast flare-up as investors await Fed rate decision

A separate market reaction in Asia followed SK Hynix’s earnings, with the stock falling after results disappointed.

Reported · Written up by our desk · Indices

Oil prices edged higher as investors focused on a flare-up in the Middle East, adding to market momentum across global trading.

At the same time, the market narrative remained dominated by expectations for the Federal Reserve’s upcoming interest-rate decision, with traders positioning ahead of the outcome.

In Asia, SK Hynix shares slid after the company’s earnings disappointed, reflecting risk appetite shifts tied to major tech results.

WSJ Markets characterized the day’s market setup as a mix of energy-driven volatility and rate-decision uncertainty.

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