Chip stocks whipsaw again, pound rallies on politics, gold slips

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Chip stocks face fresh selloff despite upbeat earnings by ASML and TSMC.

US dollar falls to one-month low on softer PPI as Warsh stays mum on

rates. Pound jumps on reports of who will be the UK’s next finance

minister. US carries out more strikes on Iran but oil rebound stalls, gold

skids again.

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