Markets Shake as U.S. and Iran Escalate | San Francisco News

Global markets are in turmoil as U.S.-Iran tensions reignite, sending oil prices soaring and stock futures plunging. After a brief reprieve thanks to an interim deal and reopened shipping lanes, U.S. strikes on Iran and retaliatory attacks triggered a sharp sell-off — Tokyo’s Nikkei down 2.2%, Seoul’s Kospi nosediving 8.2%. Tech stocks, already under pressure from AI hype, took a hit as SK Hynix’s Wall Street debut collapsed and Samsung Electronics tumbled 10.5%. Rising oil prices and inflation fears are fueling concerns over central bank rate hikes, which could further dampen growth. The dollar strengthened while the euro weakened. With major U.S. bank earnings looming, investors brace for a test of whether profits can justify current valuations amid geopolitical chaos and economic uncertainty. 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/b7ad7d06289eedf2