Oil prices increased significantly after the US military intercepted an Iranian missile attack and coordinated strikes against Iranian-backed militias in Iraq. Brent crude rose by 3.8% to $87.26 per barrel, reflecting heightened concerns over supply disruptions in the region, particularly affecting Saudi oil infrastructure.
In contrast, chip stocks continued to decline, with South Korea's market dropping 8.3%. Despite a substantial profit increase reported by SK Hynix, its shares fell 9%. The ongoing sell-off in the semiconductor sector adds to market uncertainty ahead of the Federal Reserve's interest rate decision later today.