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AAP
AAP
Business
CHAN HO-HIM (AP Business Writer)

World shares are mostly lower after a tech sell-off on Wall Street, while oil prices waver

HONG KONG (AP) — European shares are mostly lower after a retreat in Asia that brought sharp declines in Japan and South Korea following a sell-off of technology stocks on Wall Street.

Oil prices wavered after the U.S. military launched attacks against Iran following the crash of an Army helicopter near the Strait of Hormuz that President Donald Trump blamed on Tehran.

The latest flaring of fighting again dimmed hopes for progress toward a permanent end to the war, which has lasted more than three months and roiled markets already wavering from spates of heavy selling of stocks in companies linked to the boom in artificial intelligence.

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