India, July 10 -- Asian stocks rallied on Friday, with chip and AI firms leading the surge on the eve of SK Hynix's U.S. market debut. Despite the U.S. and Iran exchanging fire, investors pinned hopes that the escalation of hostilities in the Middle East will be limited.
The U.S. dollar index was subdued in Asian trading, while gold was marginally lower at $4,110 an ounce after a U.S. official said the U.S. will continue "technical talks" with Iran and remains committed to finding a solution to the conflict.
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