{"id":48152,"date":"2026-06-10T10:26:34","date_gmt":"2026-06-10T10:26:34","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/48152\/"},"modified":"2026-06-10T10:26:34","modified_gmt":"2026-06-10T10:26:34","slug":"world-shares-are-mostly-lower-after-a-tech-sell-off-on-wall-street-while-oil-prices-waver","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/48152\/","title":{"rendered":"World shares are mostly lower after a tech sell-off on Wall Street, while oil prices waver"},"content":{"rendered":"

HONG KONG \u2013 European shares are mostly lower after a retreat in Asia that brought sharp declines in Japan and South Korea following a sell-off of technology stocks<\/a> on Wall Street.<\/p>\n

Oil prices wavered after the U.S. military launched attacks<\/a> against Iran following the crash of an Army helicopter near the Strait of Hormuz that President Donald Trump blamed on Tehran. <\/p>\n

The latest flaring of fighting again dimmed hopes for progress toward a permanent end to the war<\/a>, which has lasted more than three months and roiled markets already wavering from spates of heavy selling of stocks in companies linked to the boom in artificial intelligence.<\/a><\/p>\n

With prospects for fully reopening the Strait of Hormuz<\/a> in doubt, oil prices resumed their climb after rising and then falling earlier in the day.<\/p>\n

Brent crude, the international standard, gained 0.4% to $91.78 per barrel. It was trading at approximately $70 a barrel before the war began in late February.<\/p>\n

Benchmark U.S. crude was 0.1% higher at $88.31 per barrel.<\/p>\n

\u201cThe situation remains highly volatile,\u201d ING commodities strategists Warren Patterson and Ewa Manthey wrote in a Wednesday note. \u201cThis once again demonstrates the difficulty Iran and the U.S. face in working toward a sustainable ceasefire that allows for the free flow of vessels through the Strait of Hormuz.\u201d<\/p>\n

They noted that demand tends to be strong in the early summer, adding to upward pressure on prices. <\/p>\n

The future for the S&P 500 declined 0.6% while that for the Dow Jones Industrial Average was 0.5% lower.<\/p>\n

Britain\u2019s FTSE 100 edged 0.1% lower to 10,223.39. Germany\u2019s DAX shed 0.3% to 24,368.28, while France\u2019s CAC 40 rose less than 0.1% to 8,210.03.<\/p>\n

South Korea\u2019s Kospi gave up 4.5%, to 7,730.82, after surging the day before. Samsung Electronics, which makes memory and logic chips and is the country’s most valuable company, sank 6.1%. Shares of chipmaker SK Hynix tumbled 7.5%.<\/p>\n

Tokyo\u2019s Nikkei 225 dropped 1.9% to 64,179.27, after data showed Japan\u2019s producer price index, a measure for prices at the wholesale level, rose 6.3% in May from a year before. That’s the fastest pace in more than three years. <\/p>\n

Shares of technology and telecommunications giant SoftBank Group, which has a strong AI focus, lost 8.3%. Chip equipment maker Advantest lost 4.2%, but Tokyo Electron advanced 3.2%.<\/p>\n

Hong Kong\u2019s Hang Seng fell 0.6% to 24,407.96, while the Shanghai Composite index slipped 0.4% to 3,993.23. Official data released Wednesday showed that China\u2019s producer prices rose to nearly a four-year high of 3.9% in May compared with a year earlier.<\/p>\n

Australia\u2019s S&P\/ASX 200 traded 0.6% higher to 8,653.30.<\/p>\n

Taiwan\u2019s Taiex was 3.3% lower, while India\u2019s Sensex climbed 0.8%.<\/p>\n

On Tuesday, Wall Street\u2019s benchmark S&P 500 fell 0.3% to 7,386.65. The Dow Jones Industrial Average added 0.2% to 50,872.11, and the technology-heavy Nasdaq composite dropped 1% to 25,678.82.<\/p>\n

U.S. chipmaker Micron Technology went from an early 4% gain to a 10% drop before closing 1.4% lower. Shares of Marvell Technology sank 7.6%, and AMD sank 3%.<\/p>\n

Investors are also monitoring updates on U.S. inflation that are set for this week<\/a> as the Iran war is driving up global energy prices.<\/p>\n

In other dealings early Wednesday, the U.S. dollar rose to 160.40 Japanese yen from 160.36 yen. The euro was trading at $1.1552, up from $1.1543.<\/p>\n

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG \u2013 European shares are mostly lower after a retreat in Asia that brought sharp declines in…\n","protected":false},"author":2,"featured_media":48153,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[78,74,17741,31,33,17742,11823,76],"class_list":["post-48152","post","type-post","status-publish","format-standard","has-post-thumbnail","category-south-korea","tag-business","tag-donald-trump","tag-ewa-manthey","tag-korea","tag-south-korea","tag-warren-patterson","tag-washington-news","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/48152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=48152"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/48152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/48153"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=48152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=48152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=48152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}