Oil rises amid fresh Middle East fighting, Asian stocks wobble on AI jitters

Anand Krishnamoorthy / Bloomberg07-29

Oil climbed and Treasuries fell after fighting erupted in the Middle East. Asian stocks swung between gains and losses.(July 29): Oil climbed and Treasuries fell after fighting erupted in the Middle ...

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Asian stocks swung between gains and losses.(July 29): Oil climbed and Treasuries fell after fighting erupted in the Middle ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/highlight/asian-stocks-eye-gains-oil-offsets-chip-selloff?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil rises amid fresh Middle East fighting, Asian stocks wobble on AI jitters</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil rises amid fresh Middle East fighting, Asian stocks wobble on AI jitters\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-29 02:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/highlight/asian-stocks-eye-gains-oil-offsets-chip-selloff?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Anand Krishnamoorthy / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil climbed and Treasuries fell after fighting erupted in the Middle East. Asian stocks swung between gains and losses.(July 29): Oil climbed and Treasuries fell after fighting erupted in the Middle ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/highlight/asian-stocks-eye-gains-oil-offsets-chip-selloff?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CGUS","symbol_name":"Capital Group Core Equity ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/highlight/asian-stocks-eye-gains-oil-offsets-chip-selloff?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2655998278","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/highlight/asian-stocks-eye-gains-oil-offsets-chip-selloff?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2655998278","pubTimestamp":1785262860,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Oil climbed and Treasuries fell after fighting erupted in the Middle East. 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Asian stocks swung between gains and losses.(July 29): Oil climbed and Treasuries fell after fighting erupted in the Middle East, ending several days of calm and renewing concerns over disruptions to energy supplies. Asian stocks swung between gains and losses.\nBrent rose more than 4% to about US$87.50 a barrel, rebounding from its biggest three-day decline since April 2020, after the US military said it intercepted an Iranian \"surprise attack\" on its troops and struck back at the Islamic Republic. \nTreasuries dropped, with the yield on the benchmark 10-year note climbing one basis point to 4.62%, as investors weighed the potential inflationary impact ahead of the Federal Reserve's policy decision on Wednesday. Gold, whose appeal diminishes if interest rates go up, slipped 0.2%, while a Bloomberg gauge of the dollar steadied.\nTechnology shares were volatile in early Asian trading after Tuesday's sell-off in chipmakers. SK Hynix Inc dropped 2% after quarterly profit rose 557%, still missing lofty estimates. The broader MSCI Asia Pacific Index was 0.5% higher after earlier falling as much as 0.4%. The moves came after a gauge of chipmakers slipped 4.5% on Wall Street, putting the Nasdaq 100 Index on the brink of a technical correction.\nThe renewed fighting in the Middle East has shifted investors' focus back to the Strait of Hormuz, with the risk of disruptions to oil flows threatening to fuel inflation just ahead of the Fed rate decision. That adds another layer of uncertainty for investors already rotating out of tech stocks amid growing doubts over whether billions of dollars of artificial-intelligence spending will generate adequate returns.\nMeanwhile, US President Donald Trump welcomed Israeli Prime Minister Benjamin Netanyahu to the White House Tuesday as the US leader sought to avoid renewed bombing in Iran and instead laid the ground for further diplomacy.\n\"We remain cautious of any potential deal that does not concretely settle the Hormuz topic, given disagreements over management of the Strait led to Iranian aggression and an early failure of the prior MOU,\" said Ryan McKay, senior commodity strategist at TD Securities. \nMicron Technology Inc and Sandisk Corp were among the biggest drags on the S&P 500 on Tuesday, while the Philadelphia Semiconductor Index fell 4.5%, putting the gauge on course for its worst month since 2002 after its strongest quarter on record.\nThe divergence in S&P 500 and Nasdaq 100 moves \"reflects rotation\" away from chipmakers, First New York portfolio manager Vikram Rai said. The Nasdaq 100 \"can't go up if semiconductors and memory don't go up\", he added. \nThe moves create a challenging backdrop ahead of earnings from the largest US tech companies. Microsoft Corp and Meta Platforms Inc report results on Wednesday, followed by Apple Inc and Amazon.com Inc a day later.\nThe Fed is expected to hold interest rates steady when it concludes its two-day meeting, but market participants are eyeing the possibility of a surprise hike as patience with high inflation wears thin.\nFed officials have kept rates on hold this year as they wait for temporary price pressures from tariffs and the war in Iran to wane. Concern is mounting, however, that inflation won't reach the central bank's 2% target unless higher rates are used to rein in demand. Following the Fed, the Bank of England will announce its decision on Thursday and the Bank of Japan Friday.\nAnalysts at JPMorgan Chase & Co said the probability of a rate hike is likely less than the roughly 30% chance currently priced, as \"inflation, while elevated, does not appear to at-risk of an upside explosion\". They assign a 50% chance to a \"hawkish hold\", as the central bank will want to stay vigilant even though recent energy prices suggest disinflation may be ahead.\n\"A mild bout of risk aversion is looming over financial markets ahead of the Fed policy decision and two weeks of significant corporate earnings,\" RSM chief economist Joseph Brusuelas said. With tech and oil company results ahead, there might have been \"a bit more willingness to put capital to work\" if not for rising concerns about AI competition from China and tech-ecosystem financials, he said.\nCorporate highlights:\n\nNvidia Corp chief executive officer Jensen Huang defended open-weight artificial intelligence systems as crucial to developing the nascent AI industry, as officials in Washington consider how to respond to a surprise breakthrough from Chinese startup Moonshot.\nMeta Platforms Inc and BlackRock Inc plan to build a one-gigawatt data centre complex in Texas that will cost about US$14 billion ($18.09 billion) to develop, adding to a wave of investment in the computing hubs that power AI.\nFord Motor Co posted earnings ahead of Wall Street estimates and raised its outlook for the second time this year on higher prices and strong sales of high-margin sport-utility vehicles.\n\nSome of the main moves in markets:\nStocks\n\nS&P 500 futures rose 0.2% as of 10.32am Tokyo time\nNikkei 225 futures (OSE) were little changed\nJapan's Topix rose 0.2%\nAustralia's S&P/ASX 200 rose 1.4%\nHong Kong's Hang Seng rose 1.2%\nThe Shanghai Composite was little changed\nEuro Stoxx 50 futures fell 0.1%\n\nCurrencies\n\nThe Bloomberg Dollar Spot Index was little changed\nThe euro was little changed at US$1.1390\nThe Japanese yen was little changed at 163.75 per dollar\nThe offshore yuan was little changed at 6.7709 per dollar\n\nCryptocurrencies\n\nBitcoin was little changed at US$63,802.94\nEther fell 0.2% to US$1,913.40\n\nBonds\n\nThe yield on 10-year Treasuries advanced one basis point to 4.62%\nJapan's 10-year yield declined 1.5 basis points to 2.760%\nAustralia's 10-year yield declined five basis points to 4.92%\n\nCommodities\n\nWest Texas Intermediate crude rose 4.4% to US$82.72 a barrel\nSpot gold fell 0.2% to US$4,020.13 an ounce\n\nUploaded by Chng Shear Lane","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2655998278","isCrawlerRequest":true}