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UAE Repels Iranian Strike; Markets, AI Deal and Yields Surge — 9/1/2026
UAE says it repelled an Iranian attack as oil rises, global bond yields spike, Nvidia inks $3.5B MediaTek tie-up, Saudi finances strain and Shein debuts after a $1.7B IPO.
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What stands out
The United Arab Emirates says it fended off an Iranian attack, and markets reacted like people who woke up to a fire alarm and then checked their portfolios. Oil ticked up, global bond yields spiked to levels not seen in years, and geopolitical risk briefly pushed traditional safe bets into the spotlight. Amid that background Nvidia announced a $3.5 billion investment in MediaTek, a move Jensen Huang called crucial to accelerating artificial intelligence (AI) development, showing companies are still racing to lock in AI supply chains even as macro volatility rises.