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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares are mostly lower as Kospi falls 4% and tech giants decline on Wall Street

Asia Elon Musk Oil United States Nvidia SK Hynix South Korea SpaceX
Japan Financial Markets - (Copyright 2026 The Associated Press. All rights reserved)

Asian shares were mostly lower and South Korea’s Kospi dropped more than 4% on Thursday following declines for some Big Tech giants including memory chipmaker SK Hynix.

Oil prices held steady, with Brent crude trading near $79 a barrel. Uncertainty about the direction of the U.S. war with Iran is still overhanging markets despite hopes for a reopening of the Strait of Hormuz.

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