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Brent crude oil rose to $118/barrel, up 2.5% on the day, due to concerns about a potential US attack on Iran.
Brent crude oil prices rose to $118 per barrel, up about 2.5% on the day, due to a tanker attack and the possibility of further US strikes on Iran, sparking concerns about global supply. Meanwhile, the price of the main US benchmark, West Texas Intermediate (WTI) crude, was about $104 per barrel, up about 2%. Oil prices are on track for their fourth consecutive monthly gain. The World Bank warned that energy prices could reach a four-year high this year due to ongoing conflicts in the Middle East, with an expected increase of about one-third.
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Previous: Nikkei reports that the Japanese government plans to include stronger cooperation with U.S. AI developers in a cybersecurity package to be released as early as next week.
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Next: U.S. tech stocks plunged due to AI cost concerns, with Intel falling over 30% and losing more than $130 billion in market value, as the Nasdaq Composite hit a two-month low.
24H Trending
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Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
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2
Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
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Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
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South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
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Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
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China's AI stock bubble has burst, with $340 billion in market cap losses
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The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
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CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
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SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
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