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Asian Shares Climb as Chip Stocks Recover
Asian shares rose on Tuesday as chipmakers recovered from a rough week, with the South Korean Kospi surging 4%, the Japanese Nikkei adding 2.8%, and the Australian ASX 200 gaining 1.1%. The MSCI Asia-Pacific index gained 1.78%, moving away from a seven-month low. Regulators cut the short-selling limit to 3% of 30-day average volume from 30% and lifted margin requirements to 130% from 90%. Brent crude oil fell 1.31% to $91 a barrel.