AI Bias Analysis
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Global banks are curbing hedge funds’ leveraged bets on Asia’s top chipmakers including SK Hynix Inc. and Samsung Electronics Co. after a blistering rally this year raised concerns of a potential pullback, according to people familiar with the matter.
Source
Bloomberg Markets
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U.S. President Donald Trump said Thursday that the Strait of Hormuz would be reopened as soon as a deal is signed.
European bonds rallied as oil prices slid on the renewed potential for a peace deal in the Middle East.
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.
The jump in oil prices has started to feed to other goods and services, even if euro-area wages aren’t yet affected, European Central Bank Governing Council member Emmanuel Moulin said.
