Global stocks edge higher despite tech sector turmoil
Stocks climbed as investors shrugged off recent tech-driven losses and renewed buying interest in precious metals. Oil prices also moved up amid escalating US-Iran tensions and ongoing geopolitical uncertainty. Concerns over artificial intelligence investments and volatility in global markets kept traders cautious. Key indices across Asia and Europe showed mixed results, while corporate and political developments influenced market sentiment.
What we know
- Investors ignored a tech sell-off on Wall Street, with most global stocks posting gains.
- Precious metals rebounded after a sharp two-day drop, as buyers returned to the market.
- Oil prices rose following US-Iran tensions, including an incident involving a US jet and an Iranian drone.
- Tech stocks in Asia fell, but broader markets were mixed, with some indices rising and others slipping.
- Nintendo shares dropped 11 percent after disappointing earnings and concerns over memory chip shortages.
