Global markets face volatility as the US Federal Reserve weighs interest rate stability against ongoing geopolitical tensions and a cooling semiconductor sector.

The US Federal Reserve has commenced a two-day meeting, with analysts widely expecting policymakers to maintain current interest rates amid concerns over potential energy price spikes.

Semiconductor stocks are facing significant downward pressure, pushing the Nasdaq-100 toward correction territory as investors fret over competition in China and weakening AI-sector momentum.

Big Tech companies are under increased scrutiny as high levels of AI-related spending begin to drain free cash flow, causing investors to reassess future profitability.

Market experts warn that the Bank of Japan's potential shift away from purchasing US debt poses a greater long-term risk to retirement portfolios than upcoming Fed decisions.

Oman has proposed a Gulf-backed plan to Iran involving voluntary fees for navigating the Strait of Hormuz, a critical maritime chokepoint for global oil supplies.

While Seagate and Bloom Energy reported positive earnings linked to AI demand, Micron and leveraged ETFs tied to SK Hynix saw significant losses due to industry volatility.

Toyota has announced it is doubling down on electric vehicle production, distinguishing itself from several industry rivals who are scaling back their EV transition efforts.

Pakistan's government has increased petroleum prices by up to Rs1.63 per litre, while the domestic real estate market sees rising prices driven by geopolitical uncertainty.