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BUSINESSJun 10 · 06:33 UTCTHE GUARDIAN WORLDLauren Almeida

Asian stocks fall as US and Iran exchange fire – business live

Asian stocks fell sharply as the US and Iran exchanged their largest strikes since a April ceasefire, following Iran's downing of a US helicopter near the Strait of Hormuz. The incident caused Brent crude to dip below $90 and the Philly Semiconductor Index to drop 8.62% intraday, though both partially rebounded. Uncertainty over peace talks and Hormuz's reopening is expected to persist.

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IranplaceUSplaceDonald TrumppersonStrait of HormuzplaceBrenttopicPhilly Semiconductor Indexorganizationreflationtopic
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