By Sinéad Carew and Samuel Indyk
NEW YORK/LONDON, July 17 (Reuters) - Share indexes tumbled around the world on Friday, as heavyweight chip stocks plunged for a third consecutive day as investors reduced bets on artificial intelligence, with China's Moonshot releasing a large AI system.
Meanwhile oil prices rose as the United States and Iran expanded their attacks to hit key infrastructure. The United States struck bridges and an airport in Iran, and Tehran responded by hitting a power and desalination plant in Kuwait.
In the contested Strait of Hormuz, where the renewed conflict has again cut off global energy supplies, U.S. Marines boarded a tanker, and another ship was reported to have been hit by a projectile.
In its third straight day of losses, the Philadelphia semiconductor index dipped to a level 23.5% below its most recent record closing high, reached on June 22. It was last down more than 2% on the day.
NEW YORK/LONDON, July 17 (Reuters) - Share indexes tumbled around the world on Friday, as heavyweight chip stocks plunged for a third consecutive day as investors reduced bets on artificial intelligence, with China's Moonshot releasing a large AI system.
Meanwhile oil prices rose as the United States and Iran expanded their attacks to hit key infrastructure. The United States struck bridges and an airport in Iran, and Tehran responded by hitting a power and desalination plant in Kuwait.
In the contested Strait of Hormuz, where the renewed conflict has again cut off global energy supplies, U.S. Marines boarded a tanker, and another ship was reported to have been hit by a projectile.
In its third straight day of losses, the Philadelphia semiconductor index dipped to a level 23.5% below its most recent record closing high, reached on June 22. It was last down more than 2% on the day.
13 days ago
