Finance

Semiconductor stocks suffered significant declines after industry leadership suggested that expanding manufacturing capacity to meet soaring artificial intelligence demand would face substantial delays. Companies specializing in memory chips, including Seagate and Micron Technology, saw their share prices drop by as much as 7% as investors reassessed the sustainability of the current growth cycle.

Global energy markets are responding sharply to the ongoing closure of the Strait of Hormuz and stalled negotiations between the U.S. and Iran. Brent crude has climbed above $110 per barrel as inventory levels deplete, raising concerns that physical shortages could impact global supply chains within weeks.

U.S. sovereign bond yields surged on Monday, with the 10-year Treasury hitting its highest level in a year as market participants adjusted to hotter-than-expected inflation data. Rising yields are pressuring high-growth assets as investors consolidate expectations for a more hawkish Federal Reserve policy path through the remainder of 2026.