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Sun · 12 Jul 2026
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Asian Markets Rally on Chip Gains as Gulf Oil Prices Jump on Hostilities

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Asian Markets Rally on Chip Gains as Gulf Oil Prices Jump on Hostilities

📉 MARKETS — Asian chips rally while Gulf oil reprices the same war. 📌 LOOK CLOSER: Oil jumping on resumed Gulf hostilities while Asian equities climb on chip gains reveals a split market thesis: tech prices in Trump's "no full war" ceiling; energy prices in prolonged Hormuz disruption. The divergence is unstable — equity optimism and oil fear don't coexist for long. The next US strike wave or tanker hit collapses one side of that bet immediately.

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