Asian and European stock markets declined broadly, with the technology sector extending previous losses. Middle East geopolitical tensions drove international oil prices significantly higher, as marketrisk-aversion sentiment intensified.
Event Details Asian and European stock markets fell broadly on Wednesday, with technology shares extending a recent selloff. Geopolitical tensions in the Middle East pushed oil prices higher, with Brent crude surging to multi-month highs. The combination of tech sector weakness and energy price spikes triggered a flight to safety among investors, driving down equity indices across major markets.
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