July 9, 2026 8:24 AM
Asian shares climb on chip rally, oil jumps as Gulf hostilities resume
Asian shares climbed on Thursday as semiconductors got a respite from heavy selling, though gains were capped by a surge in oil prices as a resumption of hostilities in the Gulf reignited inflation fears and hammered bonds. Oil prices rose for a third straight session after President Donald Trump said the interim agreement with Iran to end the war was “over”. U.S. military also launched fresh strikes on Iran for a second day to open the Strait of Hormuz, although Trump later said he did not...