Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

Oil prices fell on Wednesday and Asian markets largely trended downward as investors moved to sell off chipmaker stocks. The decline in regional shares was particularly pronounced in South Korea, where the Kospi index extended its losses following a decline of more than 16% over the previous two days.

Crude oil prices remain subject to volatility amid ongoing geopolitical developments. The United States reported early Thursday that it had conducted a heavy wave of military activity, contributing to an uncertain environment for energy markets.