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AI anxiety extends Asia chip sell-off; Oil climbs on renewed Iran tensions
Description
Market news for July 29, 2026: Asian technology shares extended their sell-off today, taking its cue from another steep decline in US chip stocks overnight. South Korea’s Kospi led declines, triggering a trading halt for the second straight session. Oil prices rose after US Central Command said Iran had launched missile strikes targeting US bases in the Gulf.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.
Written by: Nicole Teo (nicolet@sph.com.sg)
Produced and edited by: Chai Pei Chieh & Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
Produced with AI text-to-speech capabilities
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