Asia Slumps as Oil Rises | Lubbock News

Asian markets plunged today, mirroring Wall Street’s slide as tech giants like SoftBank and Samsung tumbled, while Hong Kong and Shanghai lagged — except for a surprise surge in a Chinese AI chipmaker’s debut. Oil prices surged past $108 a barrel amid Middle East tensions and global supply fears, pushing U.S. crude higher too. Investors brace for key U.S. CPI data ahead of the Fed meeting, with producer prices also accelerating. Bond yields climbed sharply on inflation and debt concerns, sending the 10-year Treasury to new highs. A volatile mix: stocks down, energy up, and uncertainty mounting across global markets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8dcac4d0d5ec28ac