Philly Semiconductor Index
Coverage of Philly Semiconductor Index in the Nexus archive.
- Asian stocks fall as US and Iran exchange fire – business live
Asian stocks fell sharply as the US and Iran exchanged their largest round of fire since a ceasefire was agreed in April, following the US launching strikes against Iran after Donald Trump blamed Tehran for downing a US army helicopter near the strait of Hormuz. The incident caused Brent crude to briefly fall below $90 and triggered a significant decline in the Philly Semiconductor Index, with reflation expected due to energy costs and lingering uncertainty over peace talks and Hormuz reopening.
- 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.