Oil jumps on Houthi attacks, AI spending powers Asian chip stocks

Market news for July 23, 2026:  Asian shares advanced today after major US technology companies unveiled robust capital spending plans. Oil prices climbed again to near record 6-week highs after Yemen's Iran-aligned Houthis claimed attacks on two Saudi oil tankers in the Red Sea.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written by: Nicole Teo (nicolet@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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