Tech stocks skid, bond yields rise as Gulf conflict sends oil surging | live
By Stefano Rebaudo and Wayne Cole July 13 (Reuters) - Tech stocks fell sharply and government bond yields rose on Monday as investors grappled with concerns over a fresh escalation in the Middle East conflict and valuations in AI-related shares. U.S. and Iranian forces renewed exchanges of heavy missile and drone assaults, with Tehran saying it had again closed the vital Strait of Hormuz.
By Stefano Rebaudo and Wayne Cole July 13 (Reuters) - Tech stocks fell sharply and government bond yields rose on Monday as investors grappled with concerns over a fresh escalation in the Middle East conflict and valuations in AI-related shares. U.S. and Iranian forces renewed exchanges of heavy missile and drone assaults, with Tehran saying it had again closed the vital Strait of Hormuz.
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