{"id":3160,"date":"2026-07-10T20:40:35","date_gmt":"2026-07-10T20:40:35","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=3160"},"modified":"2026-07-10T20:40:35","modified_gmt":"2026-07-10T20:40:35","slug":"tech-shares-lift-global-markets-while-oil-slips-as-iran-war-keeps-traders-on-edge","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=3160","title":{"rendered":"Tech shares lift global markets while oil slips as Iran war keeps traders on edge"},"content":{"rendered":"<div>\n<p>Tensions between Iran and the U.S. have escalated after President Donald Trump said the Iran war ceasefire agreement was \u201cover\u201d and as the United States and Iran\u00a0exchanged attacks.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3158\">At least a million woman lose access to humanitarian supports thanks to Trump budget cuts<\/a><\/p>\n<p>In early European trading, Britain\u2019s FTSE 100 edged up 0.1% to 10,478.98. France\u2019s CAC 40 slipped 0.1% to 8,322.31, while Germany\u2019s DAX also gave up 0.1% to 25,082.58.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>The future for the S&amp;P 500 edged 0.1% lower while that for the Dow Jones Industrial Average gained 0.1%.<\/p>\n<p>In Asian trading, South Korea\u2019s Kospi gained 2.5% to 7,475.94, recovering some of its losses from earlier in the week. Shares in memory chipmaker SK Hynix, whose debut on the Nasdaq in New York is set for Friday, fell 0.3% in Seoul.<\/p>\n<p>Tokyo\u2019s Nikkei 225 rose 1.2% to 68,557.73. SoftBank Group, a key investor in OpenAI, jumped 10.7%, while chip equipment maker Tokyo Electron added 2.7%.<\/p>\n<p>Hong Kong\u2019s Hang Seng gained 0.6% to 24,175.12 and the Shanghai Composite index fell 1% to 3,996.16.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Australia\u2019s S&amp;P\/ASX 200 gained 0.5% to 8,806.00.<\/p>\n<p>India\u2019s Sensex added 1.2%.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Oil prices yo-yoed again on Friday as global oil supplies remained under pressure due to a limited numbers of vessels able to cross the\u00a0Strait of Hormuz, a crucial waterway for energy transport.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3156\">Taylor Swift paid New York City more than $160,000 to cover the costs tied to her wedding, Mayor Zohran Mamdani confirmed<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Brent crude, the international standard, fell 0.5% to $75.94 per barrel. It was trading near $72 a barrel before the war began in late February.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Benchmark U.S. crude shed 0.5% to $71.71 a barrel.<\/p>\n<p>On Thursday, Wall Street\u2019s benchmark S&amp;P 500 index rose 0.8% and the Dow picked up 0.3%. The technology-heavy Nasdaq composite climbed 1.3% to 26,206.89.<\/p>\n<p>Semiconductors stocks led gains. Micron Technology jumped 4.5% after the memory chipmaker said it would increase its U.S. investments, citing \u201csurging demand for memory in the AI era.\u201d<\/p>\n<p>Shares of AMD, or Advanced Micro Devices, surged 5.7%. Marvell Technology rose 5%, while ON Semiconductor added 4.4%.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>In other dealings early Friday, the U.S. dollar fell to 161.71 Japanese yen from 162.37 yen. The euro was trading at $1.1432, up from $1.1430.<\/p>\n<p>The yen gained against the dollar after Finance Minister Satsuki Katayama told a parliamentary committee that the government plans to encourage big pension funds to invest more in domestic, yen-denominated assets.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3155\">What is collision insurance, and what does it cover?<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tech shares drove gains in Asian and global markets Friday, even as oil prices slipped on strained flows through the Strait of Hormuz and renewed Iran\u2013U.S. attacks.<\/p>\n","protected":false},"author":1,"featured_media":3159,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103],"tags":[],"class_list":["post-3160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iran"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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