18 Hrs
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الخليج
Global markets see microchip stock drops
Global stock markets generally declined, particularly stocks of semiconductor companies, as the Nasdaq and Philadelphia Semiconductor Index continued to fall for the fifth consecutive session amid fears of Chinese competition and technological developments that worried investors. Markets were also affected by mixed earnings reports and geopolitical tensions, with major companies like Citigroup and Goldman Sachs experiencing declines, while Apple saw a slight increase of about 0.1 percent. In Europe, the Stoxx 600 index registered a modest decline, influenced by losses in chip stocks. Meanwhile, most Gulf stock exchanges closed higher supported by better performance in some shares; however, Japanese markets declined amid increased selling in AI-related stocks and ongoing global geopolitical tensions.
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