Stocks Drop and Oil Rises on War Escalation Fears: Markets Wrap

Equities fell and oil and gold prices climbed as investors responded to the threat of a weekend escalation that would spread the conflict between Israel and Hamas to the wider Middle East region. Treasuries rose as yields at multiyear highs drew buyers.

BOJ’s Ueda Says Need for Risk Management of Rates Is Increasing

Bank of Japan Governor Kazuo Ueda urged Japanese credit unions to undertake proper management of interest rate risks, citing the banking crisis that shook the US financial system earlier this year as well as high uncertainties related to the domestic economy.

Kioxia Is Said to Approach JIC to Back Western Digital Deal

Kioxia Holdings Corp. has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital Corp. and strengthen the combined company’s financial base, according to people familiar with the matter.

Kioxia Is Said to Approach JIC to Back Western Digital Deal

Kioxia Holdings Corp. has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital Corp. and strengthen the combined company’s financial base, according to people familiar with the matter.