GLOBAL MARKETS-Stocks Edge up as Tech Rebound Offsets Middle East Jitters
Tech shares rebounded and oil eased after U.S. strikes on Iran, while traders weighed a 75% KOSPI volatility reading and higher Fed hike odds.
- Global stocks edged higher on Thursday as investors balanced renewed Middle East tensions against continued strength in technology shares and resilient economic data.
- The United States launched fresh overnight strikes on Iran to keep the Strait of Hormuz open, prompting Iranian armed forces to attack U.S. military infrastructure in Qatar, Kuwait, and Bahrain.
- Chipmaker Siltronic surged more than 10% as European tech stocks rebounded, while global sentiment improved on reports China may allow domestic firms limited access to Nvidia H200 chips and Hynix's $28 billion listing was oversubscribed.
- HSBC's Chief Multi-Asset Strategist Max Kettner said bond markets remain highly sensitive to Middle East tensions due to inflation implications: "In reality, the rates market is really following oil prices."
- Tim Waterer, chief market analyst at KCM Trade, said traders are monitoring how Middle East developments unfold, noting "The possibility that the next move could be de-escalatory is what's currently preventing oil from pushing meaningfully higher.
13 Articles
13 Articles
European stocks bounce back as tech sector recovers from recent slump
Global share and bond markets and oil prices steadied on Thursday after the week’s reignition of Middle East hostilities and heavy selling of AI chipmakers. Oil prices dipped for only the second time in six days after the United States launched fresh overnight strikes on Iran in order, it said, to keep the Strait of […]
Global Market: European shares rebound as tech stocks recover; investors assess Middle East developments
European stock markets traded higher on Thursday, recovering from previous losses. Technology shares led the gains, driven by renewed interest in artificial intelligence demand. Oil prices eased despite ongoing geopolitical uncertainty in the Middle East region. Spanish equities outperformed regional peers after trade-related tensions eased. AstraZeneca shares tumbled significantly after a clinical trial setback.
Ormuz, Lebanon and Financial Assets: the Three Most Important Points on the Table in the Middle East
CNN commentator Portugal Alberto Cunha analyses the latest developments in the war between the US and Iran.
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