Global Markets Stabilize as Oil Dips and Tech Stocks Rebound

The overnight military operations prompted a brief market tremor, yet the immediate impact remained contained. While the collapse of the interim ceasefire with Tehran initially rattled global sentiment, the subsequent stabilization of oil prices provided a rare reprieve for bond markets. U.S. and European yields saw only marginal shifts, even as 10-year yields in Japan and Australia climbed to fresh peaks.

Technology stocks, previously hamstrung by a broader sell-off in the AI sector, staged a recovery. German chipmaker Siltronic led the charge with a 10% rally, bolstered by optimistic regulatory developments in China and the successful public offering of South Korea’s SK Hynix. Still, HSBC strategist Max Kettner warned that the current climate remains fragile, urging institutional players to navigate the persistent uncertainty with heightened discipline.