{"id":71615,"date":"2026-09-10T02:08:16","date_gmt":"2026-09-10T06:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-oil-surpasses-100-tsmc-hits-record-revenue-amid-ai-surge\/71615\/"},"modified":"2026-09-10T02:08:16","modified_gmt":"2026-09-10T06:08:16","slug":"global-markets-retreat-as-oil-surpasses-100-tsmc-hits-record-revenue-amid-ai-surge","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-retreat-as-oil-surpasses-100-tsmc-hits-record-revenue-amid-ai-surge\/71615\/","title":{"rendered":"Global Markets Retreat as Oil Surpasses $100; TSMC Hits Record Revenue Amid AI Surge"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Crude <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> surged past $101 per barrel<\/strong>, triggering a broad sell-off in Asian equities as Brent crude hit its highest level since July due to escalating Middle East hostilities.<\/li>\n<li><strong>TSMC (<a href=\"\/stock\/TSM\">TSM<\/a>) reported record August revenue of NT$514.8 billion<\/strong>, representing a massive <strong>53.3% year-on-year increase<\/strong> driven by insatiable demand for AI-capable semiconductors.<\/li>\n<li><strong>Bank of Japan (BOJ) board member Kazuyuki Masu signaled imminent rate hikes<\/strong>, stating the current 1.0% policy rate remains below the estimated <strong>1.1%\u20132.5% neutral-rate range<\/strong>.<\/li>\n<li><strong>The U.S. accused Chinese AI firms of &quot;malicious&quot; technology copying<\/strong>, naming entities like Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>) and DeepSeek for using &quot;distillation&quot; techniques to replicate American AI models.<\/li>\n<\/ul>\n<h2>Energy Markets and Inflation Pressures<\/h2>\n<p><strong>Brent crude futures climbed as high as $101.94<\/strong> on Thursday following reports of intensified hostilities in the Middle East, including Iranian strikes on vessels in the Strait of Hormuz. The surge has reignited global inflation fears, with <strong>U.S. diesel prices hitting a record of nearly $6 a gallon<\/strong>, putting immense pressure on central banks to maintain or increase restrictive monetary policies.<\/p>\n<p>The expansion of AI-driven data centers is simultaneously fueling a &quot;nuclear renaissance,&quot; putting <strong>renewed upward pressure on <a href=\"https:\/\/stockmarketwatch.com\/metal\/uranium\" data-internallinksmanager029f6b8e52c=\"13\" title=\"Uranium\">uranium<\/a> prices<\/strong>, which are holding near <strong>$90 per pound<\/strong>. Analysts have upgraded long-term uranium targets to <strong>$95 per pound<\/strong> as tech giants like <a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>) and Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) secure multi-decade nuclear power agreements to ensure carbon-free baseload electricity for their operations.<\/p>\n<h2>Semiconductor and AI Sector Developments<\/h2>\n<p>Taiwan Semiconductor Manufacturing Co. (<a href=\"\/stock\/TSM\">TSM<\/a>) continues to dominate the hardware landscape, with its <strong>August sales surging 10.1% month-on-month<\/strong>. The company\u2019s year-to-date revenue has reached <strong>NT$3.38 trillion<\/strong>, a 39.3% increase over 2025, as it remains the primary beneficiary of the global shift toward high-performance computing.<\/p>\n<p>In mainland China, chipmakers including Huawei and Cambricon are reportedly <strong>raising prices for high-bandwidth memory (HBM)<\/strong> and other components. This move comes as a structural shortage of DRAM\u2014exacerbated by manufacturers prioritizing AI-specific HBM\u2014threatens to drive up costs for the broader smartphone and automotive industries.<\/p>\n<h2>Geopolitical and Regional Economic Updates<\/h2>\n<p><strong>Poland\u2019s Lublin and Rzesz\u00f3w airports were temporarily closed<\/strong> on Thursday morning due to intensive military aviation activity. The Polish Air Navigation Services Agency (PANSA) stated the measures were necessary to ensure &quot;freedom of operations&quot; for military aircraft following Russian strikes on neighboring Ukraine.<\/p>\n<p>In Northern Europe, <strong>Finnish industrial output grew by 4.5% year-on-year in July<\/strong>, marking a four-month high. The growth was primarily supported by a <strong>5.3% increase in manufacturing output<\/strong>, even as the broader Eurozone faces headwinds from rising energy costs.<\/p>\n<h2>Financial Market Sentiment<\/h2>\n<p><strong>Hong Kong\u2019s Hang Seng Index fell 1.3%<\/strong>, with investors showing increasing concern over the lack of state intervention to stabilize volatile markets. Meanwhile, the <strong>MSCI Asia-Pacific index slipped 0.8%<\/strong>, reflecting a cautious global outlook as traders await critical U.S. inflation data that will likely dictate the Federal Reserve&#39;s interest rate decision next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Crude oil prices surged past $101 per barrel, triggering a broad sell-off in Asian equities as Brent crude 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