Stocks drop on deepening semiconductor rout; oil set for weekly gain | live
By Samuel Indyk and Rae Wee LONDON, July 17 (Reuters) - Another brutal selloff for chipmakers rippled through global stock markets on Friday, triggering a rout across Asia and a fall in European equity indexes as investors abruptly reassessed the durability of the artificial-intelligence-driven rally. Renewed military strikes in the Middle East were also weighing on risk sentiment, keeping oil prices elevated and reigniting concerns about inflation and growth.
By Samuel Indyk and Rae Wee LONDON, July 17 (Reuters) - Another brutal selloff for chipmakers rippled through global stock markets on Friday, triggering a rout across Asia and a fall in European equity indexes as investors abruptly reassessed the durability of the artificial-intelligence-driven rally. Renewed military strikes in the Middle East were also weighing on risk sentiment, keeping oil prices elevated and reigniting concerns about inflation and growth.
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