Morning Movers: SK Hynix pulls back following Friday's Nasdaq debut

Markets are starting the week on a cautious note as rising geopolitical tensions and another bout of semiconductor selling weigh on risk sentiment. U.S. stock futures are lower across the board, with the Nasdaq leading declines as chipmakers come under renewed pressure. At the same time, crude oil prices are climbing after the latest escalation between the U.S. and Iran, reviving concerns that higher energy costs could complicate the inflation outlook. Shares of SK Hynix fell sharply in South Korea following last week's blockbuster U.S. debut, dragging down the broader chip sector. The selloff has spread to U.S. memory-chip makers and AI-related names. Oil prices surged after renewed military strikes between the U.S. and Iran and Tehran's claims that the Strait of Hormuz would be closed to shipping. While the long-term impact on global energy supplies remains uncertain, the move has pushed energy stocks higher while increasing worries that another jump in fuel prices could slow progress on inflation. The week also marks the unofficial start of second-quarter earnings season, with major U.S. banks set to report over the next several days. Investors will also receive June CPI and.