On July 2, South Korea’s KOSPI fell below 8,000 shortly after the open, triggering the Korea Exchange’s program-trading circuit breaker. Program trading in KOSPI-listed shares was suspended for five minutes. The decline was driven mainly by heavy selling in semiconductor stocks.

Brent crude has fallen about 40% from its March peak near $120 a barrel and was trading at $72.25 on Wednesday. The drop has erased the market’s entire war premium. Prices have returned to a prewar technical support range. The move reflects a repricing after the Iran-U.S. diplomatic impasse failed to trigger further supply shocks.