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Stock impact report

Asian shares jump after US stocks rebound, but oil prices resume their climb [Globe and Mail, The (Toronto, Canada)]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
However, U.S. futures fell back, with the contract for the Dow Jones Industrial Average losing 0.3%, while that for the S&P 500 edged 0.1% lower. In Seoul, the Kospi shot up 10.1% to 5,607.71 and the government announced emergency measures for the economy. The Kospi fell by the most ever in a single day on Wednesday. But it had soared recently to record highs, and the war with Iran led traders to lock in those profits. Tokyo's Nikkei 225 index gave back some early gains but was up 2.8% at 55,793.74. In Australia, the S&P/ASX 200 edged 0.1% higher to 8,913.10, while New Zealand's benchmark rose 0.5%. Taiwan's main share index gained 2.2%. Uncertainty about the war in the Middle East has rattled financial markets this week, with most taking their cues from what the price of oil is doing. On Wednesday, U.S. stocks rebounded after oil prices stopped spiking and reports gave encouraging updates on the American economy. But oil prices resumed their ascent early Thursday. Br Show less Read more
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