Chip manufacturers are under pressure again due to the Nasdaq situation.
On Friday morning, the stock market sentiment became uncertain, as the Brent price rose above $100 due to the conflict in the Middle East, which once again brought concerns about inflation and interest rate hikes to the forefront. Donald Trump’s new tariffs further worsened the situation, while corporate earnings reports also began to arrive. However, the market sentiment improved during the day, mainly thanks to the correction in oil prices. The BUX and Mol indices on the Hungarian stock exchange reached record highs, but the American indices are still being pulled down by the weakness of the semiconductor industry.
By Friday morning, the stock market was in a uncertain mood after the escalation of the near-eastern conflict drove Brent prices above $100, further reinforcing inflation and interest rate hike fears. The situation was worsened by Donald Trump’s new tariffs, while corporate earnings reports are also being released. However, the mood improved during the day, with the European market benefiting partly from the correction in oil prices, while the Hungarian stock market saw the BUX and Mol reach historic highs. However, the American indices are still being dragged down by the semiconductor industry.
