Bloomberg Television·2026-07-28 06:49Semiconductor & Technology Industry - Global chip stocks declined as investors questioned the longevity of the artificial intelligence boom, and Asian equities fell 3% [1][2] - The South Korean Kospi index experienced high volatility and a trading halt, plunging 10.7% at one point during the session [2][7] - NVIDIA faced questions over $750 billion in AI-supplied deals and circular financing concerns involving partners like SoftBank and OpenAI [8][12][14] - ASML shares tumbled due to competition from a Chinese state-backed firm producing lithography machines that could threaten sales and valuations [6][10][11] Energy & Geopolitics - Brent crude oil prices extended a sharp retreat, dropping below the $90 per barrel mark to $87 following U.S.-Iran de-escalation talks [1][3][4] - Industry analysis indicates that worst-case scenarios for Brent crude could reach $150 per barrel if Middle East conflicts persist, compared to a bullish scenario of $75 per barrel [65][67] - Strategic Petroleum Reserve (SPR) levels in the U.S. reached their lowest point since 1983, with IAEA countries having already utilized 400 million barrels [68] Financial Markets & Macroeconomics - U.S. 10-year Treasury note yields dropped 2 basis points ahead of the upcoming FOMC meeting [4][5] - Fertilizer manufacturer adjusted earnings before interest and taxes (EBIT) reached $371 million, doubling year-over-year [54] - Democratic Republic of Congo Ebola outbreak case count approached 3,200 with the death toll rising to over 1,400 people [76][77]