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US stock futures edged higher as AI-fueled tech earnings and Marvell’s raised forecast boosted sentiment despite ongoing Middle East tensions.

US stock futures are edging higher as strong AI-related earnings continue to support technology shares.
Market attention is focused on renewed US strikes on Iran and the risk to the Hormuz shipping route, which is helping push oil prices up.
Robinhood gained after allowing AI agents to be used for trading, showing how AI features are becoming a key market theme.
Google employees are facing insider-trading scrutiny after federal authorities said one engineer made about $1 million on Polymarket using nonpublic information.
Marvell raised its annual outlook because AI-driven demand remains strong, reinforcing optimism around semiconductor companies.
The Federal Reserve is signaling caution, with officials saying policy is still appropriate while inflation risks remain and rates could rise if price pressures persist.
South Korea kept interest rates unchanged but revealed a hawkish split, suggesting policymakers remain divided on the inflation outlook.
Asia markets are taking a pause as conflict in the Gulf region continues to weigh on investor sentiment.
Investors are also watching policy and consumer-related headlines, including the upcoming Trump Accounts app rollout and broader debates over retirement benefits and tax-favored savings.
Analysts continue to highlight targeted opportunities in a high-market environment, including dividend-paying stocks, a “lazy” ETF approach, and names that may still have breakout potential.

Hong Kong stocks opened lower as the Hang Seng Index briefly fell below 25,000 to a near two-month low, led by a sharp drop in Meituan.

Hong Kong stocks opened weak, with the Hang Seng Index briefly falling below 25,000 to a near two-month low, while Meituan dropped about 5%.
Several Hong Kong-listed companies released earnings or corporate updates, including XtalPi receiving a second payment of US$19 million from DoveTree and Pop Mart rising more than 6% after being heavily bought by Stephen Duan Yongping.
TOBOO jumped early in trading but reported full-year net profit down 1.5%, even as it closed 660 stores during the year.
Damo Entertainment fell nearly 8% after reporting full-year adjusted EBITA down 7.8%.
JD.com founder Liu Qiangdong said the company would do everything possible to protect hundreds of thousands of jobs and help blue-collar workers move into white-collar roles.
RoboSense reported a narrower first-quarter loss, while Kingsoft Cloud posted a 1.3-fold year-on-year increase in adjusted EBITDA for the first quarter.
CloudSound opened lower after a discounted share placement raised net proceeds of HK$381 million, and several other Hong Kong firms announced capital-raising or restructuring plans.
Hang Seng Exchange cut fees for U.S. dollar gold futures trading, and HKEX leader Michael Wong said Hong Kong should evolve from an IPO platform into a value-creation platform.
In mainland China, A-shares opened lower, while Eastmoney’s front-page coverage highlighted improving industrial profits, stronger AI-related investment themes, and the successful IPO progress of memory-chip maker CXMT/Changxin Technology.
Chinese industrial profits grew 18.2% in the first four months of the year, supported by rising revenues, with electronics, nonferrous metals, and chemicals among the strongest sectors.

JP market was volatile as the Nikkei swung sharply lower and then recovered, with investors watching Middle East tensions, yen weakness around 159 per dollar, and rising inflation concerns from elevated oil prices.

Tokyo stocks were volatile, briefly falling more than 500 yen before partially recovering.
The yen weakened in Tokyo, hovering in the upper 159-yen range due to inflation concerns from high oil prices.
The yen also sold off in New York amid uncertainty over U.S.-Iran talks.
U.S. stocks rebounded to a record high, supported by falling crude prices.
New York crude oil continued to decline and settled in the 88-dollar range.
Market participants saw signs of supply recovery as shipping through the Strait of Hormuz normalized.
The refundable tax credit plan has been narrowed in scope, but key issues like payment size and funding remain unresolved.
The government’s draft proposes four income-based support tiers and extra aid for households above the income threshold and families with children.
The Bank of Japan recorded 45 trillion yen in valuation losses on government bonds, the largest on record.
The losses were driven by rising long-term interest rates, linked to rate-hike expectations and concerns about worsening public finances.

U.S. regulators and major crypto firms are driving the market’s biggest move as the CFTC seeks to undo Gemini’s settlement, Block rolls out stablecoins to Cash App users, and tokenization/crypto IPO momentum accelerates across Wall Street.

The U.S. CFTC is trying to undo the Gemini settlement because it now believes the deal was unfair.
Authorities allege that a Google engineer used insider information to trade on search results through Polymarket.
Crypto companies are building a large political fund that is increasingly tilting Republican before the midterms.
A Texas bank’s regulatory shift has created a new Wall Street competitor in the crypto sector.
Elon Musk could become one of the largest corporate Bitcoin holders if Tesla and SpaceX were merged.
The GENIUS Act appears to have changed how investors value Bitcoin’s monetary premium.
A BIS project says tokenization may improve the speed and security of cross-border payments.
Jefferies predicts crypto IPOs could help create a huge $1 trillion market alongside the tokenization boom.
Block is beginning a phased stablecoin rollout to nearly 60 million Cash App users.
Support is growing for digital asset legislation, with senators urged to finish the job in a bipartisan way.

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