Rob Verdonck

Oil dropped at the start of trading in Asia after a report that Israel may avoid targeting Iran's production sites.

Oil dropped at the start of trading in Asia after a report that Israel may avoid targeting Iran’s production sites.

· (Bloomberg) -- Oil extended losses after a report that Israel may avoid targeting Iran's crude infrastructure eased concerns over tensions in the Middle East.

(Bloomberg) -- Oil extended losses after a report that Israel may avoid targeting Iran’s crude infrastructure eased concerns over tensions in the Middle East.Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureHow Mexico City Averted All-Out DroughtThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingAs Brussels Booms, an Old Boogeyman Returns: BrusselizationThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsWest Texas Intermediate

(Bloomberg) -- Stocks in Asia are set to follow a US selloff after a disappointing outlook from Europe's most-valuable tech firm and concern about tighter US curbs on chip sales hit the industry that's powered the bull market.

Bonds maintained losses and US stocks struggled as traders mulled prospects for a slower pace of Federal Reserve rate cuts. Asian shares looked set for a mixed open.

Winnie Hsu and Rob Verdonck 5 min read In this article

Most stocks in Asia are set for a cautious open following mixed results from Wall Street tech companies and as traders prepare for next week’s US election and Federal Reserve rate decision.

Treasury yields climbed and the dollar hit a two-year high ahead of key inflation data that could further sap confidence in the pace of Federal Reserve interest-rate cuts. Stocks in Asia are set to open lower after a breakneck US rally ran out of steam.

Soaring demand for copper will require $250 billion of investment over the next decade, helping to drive further mergers in the industry, BHP Group Ltd. Chief Executive Officer Mike Henry said.