The Dow fell 0.22%, S&P 500 0.69%, and Nasdaq 1.33%, its third straight decline. Micron, Sandisk, and Intel tumbled as higher yields, rising oil, and stalled US-Iran Hormuz talks added pressure.

Asian equities followed Wall Street lower, led by semiconductor and tech stocks. South Korea’s KOSPI plunged around 5%, while Japan’s Nikkei fell more than 2%, with higher bond yields and oil prices adding to the decline.

The Dollar Index held near 99.6 after hitting a two-month low earlier this week. July’s Fed minutes are next after three officials backed a hike, although weak US data has lifted the probability of a September hold to 65%. Warsh’s Jackson Hole remarks are also in focus.

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