Kospi Plunges 5% as the Chip Unwind Spreads; Oil Climbs Into Fed Minutes
US futures are parked near unchanged after Asia’s chip-led selloff, with South Korea’s Kospi down 5.2%. Oil is extending a fourth session of gains on Hormuz supply risk. Lowe’s, Target and Analog Devices report ahead of the Fed’s July minutes at 2 p.m. ET.