Oil Plunges 8.7% as China Chip Shock Hits ASML and El Salvador Adds BTC

On today's episode of Market Brief – After Hours, oil dropped 8.7% to settle below $90 after Iran signalled a pause in hostilities, pulling Treasury yields down and sending the Dow higher while the Nasdaq went the other way. A report that China is developing its own DUV lithography machines hit the semiconductor complex hard, with ASML, AMD and Micron all under pressure. Crypto equities ran in the opposite direction as money rotated out of the AI infrastructure trade, and El Salvador kept adding to its holdings ahead of a presidential election. We also cover Europe and Asia, EUR/USD, GBP/USD, USD/CHF and EUR/GBP, gold and silver, and the biggest single-stock moves of the day ahead of Wednesday's Fed decision. Hosted on Acast. See acast.com/privacy for more information.