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China stock market gains as Shanghai Composite rises
The Shanghai Composite Index rose by 33.17 points, or 0.91 percent, to close at 3,681.47 on Wednesday. The index saw growth driven by the manufacturing, industrial, technology, and energy sectors.
Global market sentiment remains cautiously optimistic following the Federal Reserve's decision to keep interest rates unchanged. However, potential upside for Asian markets may be constrained by a surge in crude oil prices. West Texas Intermediate crude rose 3.12 percent to $103.02 per barrel amid concerns regarding possible U.S. military action against Iran and subsequent supply disruptions.
Entities
China · Federal Reserve · Iran · Shanghai Composite Index · United States