Market Volatility: Oil Plummets, Tech Faces Selloff Amid Global Economic Uncertainty

Oil prices and tech stocks see declines as President Trump's statements allay fears of U.S.-Iran military conflict. Asian markets experience mixed results, and Japan plans snap elections, prompting fiscal stimulus expectations. Major currencies hold, with warnings from Japan on currency intervention amidst yen fluctuations.

Oil prices retreated from multi-month highs on Thursday, while safe-haven gold eased back after U.S. President Donald Trump reassured markets about U.S.-Iran tensions.

Tech stocks extended their decline into Asian trading, as investors sought bargains in other market sectors. The yen experienced fluctuations amidst warnings from Japanese authorities about possible intervention.

In Japan, bond yields fell back from peaks, influenced by speculation over snap elections and anticipated fiscal stimulus. Additionally, major currencies remained stable.

(With inputs from agencies.)