Sam's News — markets — 2026-07-29¶
TL;DR¶
- Iran resumes missile attacks as US and Saudi forces strike Iran-backed militias in Iraq
- South Korea's stock market suffers record $2 trillion rout amid chip stock collapse
- Oil prices surge following Middle East military escalation
- US stock market declines amid oil volatility and Fed decision uncertainty
Geopolitics¶
Iran resumes missile attacks as US and Saudi forces strike Iran-backed militias in Iraq¶
Iran fired ballistic missiles at US installations in the Middle East, all intercepted, prompting joint US-Saudi airstrikes on Iran-backed militias in Iraq that killed at least 20 fighters and collapsed a five-day lull in the conflict.
Sources: Global Security Research, Yahoo News Research, AP News RSS, Al Jazeera RSS, Pittsburgh Post-Gazette RSS, BNN Bloomberg RSS
Markets¶
South Korea's stock market suffers record $2 trillion rout amid chip stock collapse¶
South Korea's stock market experienced a historic decline exceeding $2 trillion as semiconductor stocks plummeted, prompting government emergency response and new leveraged ETF restrictions.
Sources: Reuters RSS, Yahoo Finance RSS, CNBC RSS, Bloomberg.com RSS, Seeking Alpha RSS, Investing.com RSS
Oil prices surge following Middle East military escalation¶
Oil prices jumped significantly amid increased military activity in the Middle East, with crude rising as tensions escalated between Iran, the US, and Saudi Arabia.
Sources: Pittsburgh Post-Gazette RSS, BNN Bloomberg RSS, AP News RSS
US stock market declines amid oil volatility and Fed decision uncertainty¶
US stock indices slipped as investors awaited a critical Federal Reserve decision while oil prices surged due to Middle East tensions, with semiconductor stocks experiencing notable weakness.
Sources: CNBC RSS, AP News RSS, Seeking Alpha RSS, Benzinga RSS, BNN Bloomberg RSS, CNN RSS