Oil Prices Rise Amid Middle East Tensions; South Korean Stocks Drop Sharply
Crude oil prices rose due to heightened tensions in the Middle East as US and Iran exchanged strikes near the Strait of Hormuz. Meanwhile, South Korean stocks fell sharply led by declines in major chipmakers SK Hynix (SKHY) and Samsung Electronics (005930.KS). Meta Platforms is also increasing its AI infrastructure spending with a $40 billion hike for a Louisiana data center.
Topics: foreign investment geopolitical tensions korean stocks oil prices