Shares slip in Asia amid fresh US-Iran strikes and Hormuz uncertainty - The Business Times

• Asian stock markets declined on Monday, with Japan's Nikkei falling 1.0% and the MSCI Asia-Pacific index dropping 0.2%. • The downturn follows a surge in oil prices triggered by escalating attacks between the US and Iran in the Gulf, which are disrupting the Strait of Hormuz.

• The ASX opened higher despite geopolitical tensions and flaring hostilities between the US and Iran, which have caused oil prices to jump. • Market sentiment was bolstered by the Nasdaq debut of South Korea's SK Hynix, which saw shares rise 14% after raising approximately $US26.5 billion.

• Mahindra & Mahindra Financial Services has been assigned CARE AAA/Stable and CARE A1+ ratings for its bank facilities. • These ratings apply to both long-term and short-term facilities totaling Rs 50,000 crore.

• South Korea's Kospi stock index plunged more than 5% during early trading sessions on Monday morning. • Chipmaker SK Hynix was among the hardest hit, with its shares diving more than 10% amid heavy selling pressure.

• Asian stock markets declined following U.S. military strikes against Iran, which triggered a surge in global oil prices. • Key indices were negatively impacted, with South Korea's Kospi index dropping 1.6% and Japan's Nikkei 225 falling 0.2%.

• The Sensex and Nifty surged over 1% on Friday, driven by strong TCS earnings, positive global cues, and a decrease in market volatility. • Investors are closely monitoring Q1 corporate earnings and key technical levels to determine the short-term direction of Dalal Street.

• Wall Street investors are preparing for a critical week focused on upcoming consumer and wholesale inflation data to gauge the Federal Reserve's future monetary policy. • Market participants will monitor key economic indicators, including retail sales, industrial production data, and the Federal Reserve’s Beige Book, alongside major bank earnings.

• U.S. equities showed mixed results for the week of July 6-10, 2026, with the S&P 500 rising 1.2% and the Nasdaq Composite gaining 1.7%, while the Dow fell 0.5%. • The market advance was narrow, driven primarily by large-cap growth stocks like Nvidia and Meta, while mid- and small-cap stocks experienced declines.

• Global finance highlights for July 5–11, 2026, focused on TCS earnings, oil price fluctuations, Federal Reserve updates, and India's economic growth. • Market activity was driven by the ongoing global race to establish AI-powered economies and the impact of macroeconomic shifts on valuation models.

• Investors are focusing on TSMC's upcoming earnings report to gauge the current global demand for AI chips. • Wall Street banks are scheduled to report their financial results this week, with analysts expecting strong corporate profit figures.

• Padival has joined a new leadership role, transitioning from Bank of America where he spent over seven years. • In his previous position, Padival led the Consumer Internet Investment Banking practice and brings nearly 20 years of experience in finance, M&A, and corporate strategy.