Tech Stocks Lead Mixed Asian Markets as Oil Prices Fall on Trump's Iran De-escalation
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Asian stock markets closed mixed on the 19th, led down by technology shares, as investors also watched a retreat in oil prices and cautious optimism about a potential U.S.-Iran deal. U.S. President Donald Trump's mention of "serious negotiations" and holding off a planned attack on Iran boosted hopes for de-escalation, causing oil prices to fall. However, market sentiment remains fragile as high energy prices, still up about 80% this year, continue to fuel inflation. South Korean tech giants like SK Hynix and Samsung Electronics fell sharply, while Japan's market saw only a minor loss, buoyed by better-than-expected GDP data.