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Trump Declares US-Iran Ceasefire Over; Markets Tumble, Oil Rallies
President Donald Trump declared the tentative US-Iran ceasefire over on July 8, 2026, sending shockwaves through global markets. Stocks fell, bond yields spiked and oil prices rallied as geopolitical risk returned to the forefront. In Asia, investors are rotating away from chipmakers that led this year's rally and seeking cheaper ways to play the AI boom.
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