The U.S. chipmaker has reportedly created a new 'white list' of authorized customers in Asia after intensifying compliance checks to prevent its advanced AI chips from being diverted to China, according to the Financial Times.
Asian markets declined on Tuesday as a spike in oil prices, driven by U.S.-Iran tensions, revived inflation concerns. Investors are now cautiously awaiting key U.S. consumer price data for clues on the Federal Reserve's interest rate path.
The British pound and the euro both declined against a broadly stronger U.S. dollar, as Mideast tensions boosted oil prices and investors positioned for potentially hawkish Federal Reserve meeting minutes.
The Canadian dollar strengthened against its U.S. counterpart, supported by a sharp rise in crude oil prices amid escalating geopolitical tensions and growing bets on a Bank of Canada rate hike.
Eurozone government bond yields surged, led by short-term debt, as escalating U.S.-Iran tensions drove oil prices higher and investors braced for minutes from the U.S. Federal Reserve.
Corn prices on the Chicago Board of Trade rose Monday, with the new-crop December contract reaching its highest level since early June, as traders weighed the impact of adverse weather forecasts in the U.S. Corn Belt and a spike in crude oil futures.
Shares of Trex Company rose after the decking manufacturer boosted its full-year 2026 forecast and reported preliminary second-quarter revenue that surpassed its previous guidance and analyst estimates.
The tech-heavy Invesco QQQ Trust (QQQ) fell 1.8% as a U.S. naval blockade announcement on Iran sparked a surge in oil prices and Treasury yields, while a simultaneous sell-off in semiconductor stocks added to the pressure.
Biogen shares surged nearly 5% after Truist Securities upgraded the stock, citing confidence in its Alzheimer's pipeline ahead of a key data release and positive news on a more convenient formulation of its drug Leqembi.
