Chip Stocks and US‑Iran Tensions: How Markets Are Shaken

Global markets are seeing chip stocks under heavy sell pressure as US‑Iran tensions tighten risk appetite.

Chip Makers Under Fire: Market Ripples

■Intel shares fell %5.8, Micron Technology %5.7, Arm Holdings %5.4, AMD %5.3, and Broadcom %5.

■TSMC posted a %77.4 Q2 earnings jump but its higher cap‑ex outlook pushed the stock %2.3 lower.

■Alphabet slipped %4.4 after news that its new AI model Gemini 3.5 Pro was delayed.

US‑Iran Friction Fuels Commodity Prices

■Brent crude rose %0.1 to $84.1 per barrel, marking the fastest weekly gain in three months.

■Fed officials warned that without inflation falling to %2, tighter monetary policy will be needed.

■The US announced a %25 tariff on Brazilian imports, reigniting trade‑tension concerns.

Fed Tightening Signals and Inflation Outlook

■Dallas Fed President Lorie Logan said a policy tightening is required if inflation does not reach the %2 target.

■Kansas City Fed President Jeff Schmid stressed that inflation remains significantly above the goal.

■US retail sales rose %0.2 while initial unemployment claims fell to 208,000, below expectations.

Global Indices and Currency Moves

■The 10‑year US Treasury held steady at %4.55.

■The Dollar Index edged up %0.1 to 100.8.

■Gold stayed flat at $3,976 per ounce.

Turkey Market Snapshot and Technical Levels

■The BIST 100 climbed %1.22 to close at 14,251.29.

■On the VİOP, the BIST 30 August futures slipped %0.2.

■USD/TRY rose %0.1 to 47.0890, trading at 47.1610 in the morning session.

■Technical analysis points to 14,350‑14,500 as resistance and 14,150‑14,000 as support.

The combination of chip‑sector sell‑offs and heightened Middle‑East geopolitical risk is boosting short‑term risk sentiment, while the Fed’s tightening cues keep inflationary pressure alive. In this environment, risk‑averse investors are likely to favor the dollar and short‑term Treasuries as safe‑haven assets, tempering equity and commodity enthusiasm. In Turkey, local technical thresholds and the USD‑TL dynamic will be pivotal in shaping market direction.