At that time, the lack of new Iranian attacks and progress in peace talks with the United States further dampened sentiment, although oil prices fell sharply after news of a ceasefire between Israel and Lebanon. Brent crude oil prices fell 1.2% to $96.60 per barrel, while West Texas Intermediate crude dropped 1.1% to $94.97 per barrel.
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Asian stock indices followed Wall Street’s example, where on Wednesday there was a decline in shares of technology companies that had so far driven overall stock market growth. These took a hit after Broadcom’s forecasted third-quarter chip revenues came in lower than expected.