Global markets faced a sell-off on Wednesday as oil prices surged following U.S. military attacks on Iran.
Technology stocks led declines, with major indices falling. Investors are also awaiting U.S.
inflation data. - Oil prices rose 2% after U.S.
attacks on Iran, with Brent crude at $70 a barrel. - Tech stocks fell sharply, with Micron down 4.2%, Super Micro Computer down 12%, and Nvidia down 2.1%.
- U.S. inflation data expected to show 4.2% in May, third consecutive monthly increase.
- Asian and European markets also declined, with South Korea's Kospi dropping 4.5%. The situation remains volatile as geopolitical tensions and inflation concerns weigh on investor sentiment.