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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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Geopolitical Tensions and Rate Warnings Trigger Sharp Decline in Asian Stocks

The recent events have significantly affected Asian stock markets. Here are some key points:

  1. Iran-Israel Escalation: Reports of Israeli strikes on Iran have heightened concerns over geopolitical conditions in the Middle East. The situation escalated after explosions were reported across Iran, with some near nuclear facilities in Isfahan. This development has impacted risk appetite and contributed to the market decline.

  2. Persistent Rate Warnings: Ongoing warnings about U.S. interest rates have also played a role. Investors are closely monitoring rate decisions, which can influence market sentiment and investment strategies.

  3. Tech Stocks Hit Hard: Technology and chipmaking stocks faced steep losses. Taiwan Semiconductor Manufacturing Corp (TSMC), a major player in the chip industry, scaled back its expansion outlook for this year. Other tech giants like SK Hynix, Samsung Electronics, Advantest Corp., and Tokyo Electron also experienced significant declines.

  4. Regional Impact: Japanese stocks (Nikkei 225 and TOPIX) were hit the hardest, followed by Australia’s ASX 200 and South Korea’s KOSPI. China’s markets (Shanghai Shenzhen CSI 300 and Shanghai Composite) saw limited losses due to optimism over stimulus measures. Hong Kong’s Hang Seng index also declined.

In summary, the combination of geopolitical tensions and economic uncertainties has led to a sharp decline in Asian stocks. Investors are closely monitoring developments and adjusting their portfolios accordingly.

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