TechFlow News, March 4: QCP published an analysis stating that the ongoing closure of the Strait of Hormuz has driven up energy prices—Brent crude oil reached $83 per barrel, and Dutch natural gas prices surged 50% to $55—severely disrupting global supply chains. This conflict has exposed the vulnerabilities of the AI and technology sectors. South Korea, a major semiconductor producer, has seen its KOSPI index fall 20% from its peak, with key constituents Samsung and SK Hynix significantly impacted by the energy supply disruption.
Notably, amid market turbulence, Bitcoin has demonstrated notable resilience, potentially serving as an early signal of shifting risk sentiment. Analysts anticipate continued market volatility over the coming week; however, given global dependence on chips, semiconductors, and AI-driven growth, stakeholders are expected to jointly pressure Iran to reopen the Strait of Hormuz. China has already urged Iran to keep the strait open.
