EconomyGlobal Chip Stock Slump Overshadows Oil Drop | The Opening Trade, July 28, 2026

Losses across the chip sector signal mounting concern about crowded equity positions and rising corporate debt as the artificial-intelligence buildout advances. A report that a Chinese state-backed company has started mass-producing immersion deep-ultraviolet lithography machines added to the unease. Brent crude fell 2% to $86.50 a barrel, extending its decline to a third straight day. President Donald Trump said the United States and Iran were holding talks aimed at ending the Middle East conflict.