European airlines declined Thursday amid concerns about U.S.-Iran cease-fire stability affecting the Strait of Hormuz, a critical waterway for jet fuel. easyJet lost 2.8%, while Wizz Air fell 2.5% and Ryanair dropped 1.8%. Deutsche Lufthansa slid 3.45%, with Air France-KLM and IAG down 1.6% and 1.1% respectively. German travel operator TUI fell 3.3% as regional aviation stocks faced pressure.

Grab is transitioning from a "Super App" to an "Everyday Guide" with new AI features, according to Citi Research analysts who maintain a buy rating with $7.20 target. The Southeast Asian company now offers indoor navigation, hotel bookings, and AI-powered services including loans and delivery optimization. Grab's AI infrastructure extends to physical hardware like self-driving vehicles.

Hankook Tire expects annual shipment growth of 2%-4% in 2026-2027 as it expands capacity in Hungary and Tennessee. Despite Middle East conflict challenges raising material costs, Daiwa Capital analysts raised EPS forecasts by 4%-8%. They project 11% European revenue growth in 2026 and 7% U.S. growth in 2027, with potential benefits from rival Kumho Tire's production issues.