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Violence flares in Haiti as gang attack kills 30 people | News

Island nation grapples with violence as it seeks to hold first elections in more than a decade.

At least 30 people have been killed as a new wave of violence grips Haiti.

A powerful gang coalition mounted the deadly attack on a farming community in Kenscoff, south of the capital, Port-au-Prince, late on Sunday, officials reported. The flare-up in violence comes as Haiti hopes to hold its first general election in more than a decade.

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Jean Massillon, Kenscoff’s mayor, said armed men “sowed chaos” as they set homes on fire and killed residents.

He said gang members targeted a church and homes, including that of Jean William Pape, a leading public health expert.

Massillon blamed the attack on members of Viv Ansanm, a group that was designated as a “foreign terrorist organisation” by the United States government last year.

Gangs control an estimated 70 percent of Port-au-Prince. Viv Ansanm has repeatedly targeted Kenscoff, which occupies a strategic position overlooking routes into Petion-Ville, where several embassies, upscale hotels and ⁠the temporary seat of government are located.

A United Nations-backed gang suppression force is mandated to help police fight the gangs and restore order, but it has not yet reached its full capacity of 5,500 members.

According to the UN, gang violence has displaced 1.5 million people across Haiti. The violence has persisted despite efforts to rein it in. More than 3,100 people were reported killed and 1,189 injured from January to June as gangs continued a reign of terror in Port-au-Prince that sparked international concern last year.

Haiti’s prime minister’s office on Monday condemned the “heinous attack” and sought to reassure Haitians that security forces were on high alert and reinforcements were being deployed.

“Kenscoff will not be abandoned,” a statement read. “The government’s authority will be restored, ⁠without weakness and without delay.”

Haitians have been registering to vote in elections planned in January, but experts have warned it’s currently too dangerous to hold the vote.

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Oil prices extend run higher as fighting flares in the Middle East

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The price of Brent crude climbed to just over $84 a barrel after soaring nearly 10% on Monday. US benchmark crude was up 1.4% at $79.20 a barrel.


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Oil prices are still below their wartime peak of nearly $120 a barrel, but uncertainty over the future stability of supplies deepened as the US and Iran each asserted they controlled the Strait of Hormuz.

US share futures were down 0.3% as the U.S. launched more strikes on Iran after President Donald Trump said Washington was “reinstating” a blockade on Iran in the strait.

Fighting in the region has kept oil tankers from using the waterway to deliver crude to customers from the Persian Gulf, driving up fuel prices worldwide.

Asia-Pacific shares slip overnight

In Asian trading, Tokyo’s Nikkei 225 lost 1% to 66,574.96 and the Kospi in South Korea declined 3.2% to 6,589.37.

The Shanghai Composite index lost 0.8% to 3,884.32, even though the government reported that China’s exports jumped 27% in June from a year earlier as adoption of artificial intelligence drove strong demand for computer chips and other technology.

Hong Kong’s Hang Seng edged 0.1% higher, to 24,230.46, while in Australia, the S&P/ASX 200 shed 0.5% to 8,767.00.

Monday on Wall Street, the S&P 500 fell 0.8%, coming off its fourth winning week in the last five. The Dow Jones Industrial Average dropped 0.3%, and the Nasdaq composite sank 1.6%.

Chip stocks like Micron Technology helped lead the way lower. Micron fell 4.4%, eating into what had been a stellar rise of 243.1% for the year so far.

Worries are rising that stock prices have shot too high and that the demand may not be sustainable if AI doesn’t deliver as much profit and productivity as expected.

Nvidia fell 3.5%. Because it’s the largest stock on Wall Street by value thanks to the euphoria around AI, it was the single heaviest weight on the S&P 500.

Investors turn to earnings

Much of Wall Street’s attention this week will be on profit reports from companies saying how much they earned during the spring. On Tuesday alone, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Wells Fargo are all releasing their latest quarterly results.

Analysts are forecasting that companies in the S&P 500 index will deliver overall growth of 23.6% from a year earlier, according to FactSet. If they’re right, it would be the second straight quarter of growth better than 20%.

Companies across industries will need to deliver strong growth to justify the big moves their stock prices have made. Indexes are near records despite their sharp recent swings due to worries around AI stocks.

More costly oil would push inflation higher, potentially leading the Federal Reserve and other central banks to raise interest rates. Higher rates can keep a lid on inflation, but they also slow the economy and hurt prices for all kinds of investments.

In other dealings early Tuesday, the US dollar slipped to 162.34 Japanese yen from 162.35 yen. The euro rose to $1.1391 from $1.1381.

Additional sources • AP

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