(Bloomberg) -- Taiwanese stocks are set to see the largest monthly outflow in six months as concerns grow that the market’s artificial intelligence-driven rally has reached a short-term peak. Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’s Fortunes Are Set to Grow, Jail or no JailUS Warns ICC Action on Israel Would Hurt Ceas
Oil prices jumped overnight after explosions were reported near the Iranian city of Isfahan, but those gains dissipated Friday as officials sought to play down the latest escalation in Middle East tensions.
Asian markets seemed little moved by a major earthquake hitting Taiwan, with stocks across the region trading lower in line with a two-day selloff on Wall Street and as earlier positive sentiment faded over the economic recovery in China. Hong Kong’s Hang Seng Index retreated 1.2% while the Shanghai Composite fell 0.2%. In Taiwan, where a 7.4-magnitude earthquake rocked the island on Wednesday, the benchmark TAIEX shed just 0.6%.