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U.S. stocks turned lower as Broadcom’s disappointing sales and AI-chip forecast sparked a selloff in chip shares and dragged Nasdaq futures down.

JPMorgan says a natural gas stock still has substantial upside even after the U.S.-Iran war ends.
Traders are piling into a mid-cap stock amid excitement around a potential SpaceX IPO.
BTIG believes a medtech stock deserves a buy rating because it trades below its peers.
Guggenheim says MSGS could get a lift if the Knicks extend the Spurs series to Game 6.
Nvidia’s dividend increase may signal that other chip companies could raise payouts too.
Broadcom’s upcoming earnings may help revive momentum in the chip sector.
A classic investing strategy is being highlighted as a possible source of strong dividend returns.
Investors should be cautious with SpaceX-related hype because major IPOs often struggle in the first year.
Morningstar estimates SpaceX is worth far less than its proposed IPO valuation.
Analysts are focusing on AI and adjacent themes, including humanoid robotics, Alphabet’s AI spending, and Broadcom’s role in the chip rally.

Hong Kong stocks fell sharply as the Hang Seng Index dropped 379 points, dragged down by heavy losses in CATL and AIA.

Cathay Pacific announced a change in its Chief Financial Officer.
Incyte? No — China-based IBI343 for advanced gastric cancer has had its new drug application accepted by the National Medical Products Administration.
Analysts at Macquarie lowered the target price for China Resources MixC Lifestyle to HK$44 and kept a “Hold” rating.
In grey market trading, Longfeng Group opened at HK$5.50, about 6.2% above its IPO price.
In grey market trading, Tianchen Bio-B opened at HK$100, roughly 4.1% above its listing price.
In grey market trading, Dagang Heavy Industry opened at HK$65, about 2.1% below its listing price.
Tencent said WeChat’s A2A assistant capability is meant to better integrate AI voice assistant functions from smartphone makers.
Hong Kong stocks fell sharply, with the Hang Seng Index down 379 points as CATL dropped 7% and AIA fell more than 6%.
UBS expects gold to reach US$5,500 per ounce by year-end, though it may remain volatile in the near term.
Other major developments included U.S. listing support for SK Hynix’s plan, potential rate hikes by the Bank of Japan, weaker Korean won and Japanese yen, strong buying by BlackRock in several Hong Kong stocks, and a broad market focus on AI, capital markets, and policy-driven sectors.

Tokyo stocks fell sharply, with the Nikkei dropping more than 900 points as tech shares were sold and concerns over the worsening Middle East situation weighed on sentiment.

PayPay plans to acquire a T&D Group-affiliated life insurer for about 130 billion yen to broaden its insurance lineup.
The Tokyo stock market fell sharply, dragged down by heavy selling in tech shares and concerns over worsening Middle East tensions.
Police arrested two people tied to an unregistered fundraising scheme after allegations that solicitation fees were disguised as dividends and other payments.
There is a call to thoroughly review medical costs and eliminate unnecessary spending.
The Nikkei briefly dropped below 68,000 as profit-taking dominated and geopolitical risks weighed on investor sentiment.
The yen traded in the upper 159 range in Tokyo and around 160 in New York.
NY crude oil rose for a third straight session, moving into the mid-$90s as Middle East risks boosted buying.
U.S. stocks weakened, with the Dow Jones Industrial Average snapping a six-day winning streak.
TSMC said it remains confident about sustaining growth by expanding AI use, and noted its business with Tokyo Electron will continue.
Other major topics included Japan’s best-selling car models, weak job-seeker confidence despite more information, a possible Yamada Denki–Edion merger, falling rice prices, Uber job cuts, and dental health warnings about habits that raise periodontal disease risk.

Bitcoin’s slide to its lowest level since February, alongside warnings from derivatives and bear-market bottom signals, is the key crypto market event.

Moomoo is entering prediction markets by partnering with Kalshi.
Russia has sanctioned a British teenager over claims about A7A5 being used to help fund the war in Ukraine.
Standard Chartered says bitcoin still faces three key “ifs” before a market bottom can be confirmed.
JPMorgan says the window is closing for passing a crypto market structure bill.
Bitcoin is holding above $60,000, but derivatives activity is flashing a clear warning sign.
A bitcoin indicator that has historically marked every bear market bottom has just triggered again.
Cardano fell below 20 cents after Charles Hoskinson said he is taking a break following warnings about ecosystem problems.
Goldman Sachs is working with Apex and Archax on a tokenized real estate fund.
Polymarket’s outlook changed from “No” for May to “Yes” for June after Strategy’s recent bitcoin sale.
Apyx’s STRC collateralized stablecoin briefly lost its peg, while the protocol argued the event was intentional and not a flaw.

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