Almost all major Asian stock markets fall, with Samsung Electronics shares sliding for a second day
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Oil prices have risen by more than 3% after fresh strikes from the US and Iran tested a fragile truce.
Short-term profit taking on long-term winners, particularly the AI theme, appears to be a global dynamic… we sh ould expect elevvated volatility and continued foreign sellingin orea equities in the near term.
The market action shows the crowded nature of the semiconductor bet but also that the sector would need to keep delivering on solid earnings to maintain the sharp rally of recent months.
7pm BST: US Federal Reserve minutes
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