44 Days
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الاقتصادية
Chip stocks boost markets while oil prices bring inflation back to the forefront
Asian stocks experienced an increase supported by a rebound in semiconductor company shares after a sharp sell-off, while a surge in oil prices coupled with renewed tensions between the US and Iran rekindled inflation fears. This, in turn, put pressure on bond markets and triggered a wave of selling. Oil prices rose for the third consecutive session, with Brent crude surpassing $80 per barrel for the first time since June, amid intensified global bond sell-offs and expectations of a rate hike by the US Federal Reserve later this year.
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