Global Markets React to Iran War Concerns and Chip Stock Tumble

US equity futures are lower, oil prices are surging due to escalating US-Iran tensions, and chip stocks, including those in Korea and SK Hynix, are experiencing a significant tumble amidst broader market concerns.

13 Jul, 12:48 — 13 Jul, 12:48

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zerohedgeLow43d ago

Futures Slide, Oil Surges As Iran War Returns, Chip Stocks Tumble As Korea, SK Hynix Crash

Futures Slide, Oil Surges As Iran War Returns, Chip Stocks Tumble As Korea, SK Hynix Crash US equity futures are lower on a combination of US/Iran escalation (which is feeding inflationary concerns) and a violent crash in South Korean stocks (which saw SK Hynix plunge by 15% overnight, the most on record, and unironically follows its record ADR launch in the US), which has put Semis and tech under renewed pressure. On the former, this drove oil prices higher overnight, but gains...

By Tyler Durden

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Global Markets React to Iran War Concerns and Chip Stock Tumble

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Futures Slide, Oil Surges As Iran War Returns, Chip Stocks Tumble As Korea, SK Hynix Crash

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