Stocks jump with chipmakers; oil rises to 5-week high

Global equities rose on Tuesday with the Nasdaq up 1.29% and a semiconductor index surging 5.2%, led by chipmaker gains. Oil prices climbed to a five-week high with Brent settling at $91.01 a barrel amid Iran conflict tensions and Houthi threats in the Red Sea. The Japanese yen breached 163 against the dollar for the first time since December 1986, while US 10-year Treasury yields touched a two-month high of 4.632% on rising bets of a Federal Reserve rate hike.