Finance

Semiconductor manufacturers suffered heavy losses as investors reassessed the sustainability of massive corporate spending on artificial intelligence infrastructure. Major industry players saw sharp valuation pullbacks, which increasingly dictate the volatility of the tech-heavy Nasdaq composite.

Renewed hostiles and military engagements between the U.S. and Iran have triggered fresh inflation anxieties tied to shipping disruptions. These geopolitical tensions have supported the U.S. dollar and pushed Treasury yields higher, creating a tough environment for non-yielding gold futures.

Digital assets pulled back as escalating geopolitical conflict prompted broad risk aversion across global financial markets. Major tokens like Bitcoin slipped from recent weekly highs, despite major institutional trading platforms expanding their spot cryptocurrency offerings.