Markets steady amid Middle East tension and jobs data

Global markets remain steady as investors monitor Middle East tensions and wait for U.S. jobs data. Toyota expects lower profits while Asian chip stocks rally.

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Insights:

Brent Crude Oil held at $101 a barrel on Friday morning as the United States and Iran exchanged fire. It is the first major breach of the regional ceasefire agreement. Geopolitical volatility tests investor appetite for risk despite 13% weekly gains in South Korean semiconductor stocks.

Geopolitics Pressure Energy and Auto Sectors

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