BANGKOK — Asian shares were mostly higher Friday in quiet holiday trading, with markets closed in Hong Kong, Sydney, Singapore and India, among other places.
Oil prices jumped. U.S. benchmark crude oil gained $1.82 to $83.17 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, surged $1.59 to $87.00 per barrel. Most stocks scrambled higher during the quarter, led by a pocket of companies riding Wall Street’s continued frenzy around artificial-intelligence technology. Nvidia, whose chips are powering much of the AI rush, surged 82.5%.
On Wall Street, RH jumped 17.3% even though the retailer of home furnishings reported weaker profit and revenue for the latest quarter than analysts expected. It also indicated demand is trending upward, and it gave a revenue forecast for the upcoming year that was slightly above analysts’ expectations.
BRUSSELS — The European Union intends to fast-track some of its aid money to Egypt using an urgent funding procedure that bypasses parliamentary oversight and other safeguards, according to the president of the bloc’s executive branch. The 1 billion euros intended for this is part of a larger package of 7.4 billion euros in financial assistance to the North African country that the EU announced on March 17.
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