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U.S. stocks suffered a major selloff, with the S&P 500 losing $1.8 trillion and the Nasdaq posting its biggest point drop on record, as chip weakness and broader risk-off sentiment hit markets.

Wall Street analysts are highlighting several dividend and income stocks as attractive options for steady returns.
Some stocks are flashing overbought signals after a volatile week, suggesting potential short-term caution.
Warren Buffett’s Berkshire Hathaway is making new investment moves, including major bets tied to artificial intelligence.
Crypto traders are turning bearish on Strategy as bitcoin weakness fuels pressure on the stock.
Chip stocks are showing signs of exhaustion even after a strong run, according to technical market watchers.
Broadcom’s weak guidance pushed shares lower, but some analysts now see a possible buying opportunity.
JPMorgan upgraded Tesla by removing its long-standing sell rating, marking a notable shift in view.
Investors are weighing risks around a possible SpaceX IPO, with some experts warning that enthusiasm may be excessive.
AI-related investing remains a major theme, including robotics ETFs, AI infrastructure demand, and Alphabet’s plan to sell stock to fund its AI push.
Markets are under pressure from rising geopolitical tension, inflation concerns, rate fears, and a broad selloff in stocks, especially chips and major indexes.

Hong Kong stocks opened sharply lower as escalating Middle East tensions hit risk sentiment, dragging the Hang Seng Index down 379 points with chip and tech shares under pressure.

Hong Kong’s property market remained soft, with Henderson Land and Hysan’s Red Sea project launching 60 flats at a discounted entry price of HK$6.88 million, while weekend transactions at the top ten estates fell 35.7%.
AI and semiconductor-related stocks were volatile, with several names in Hong Kong and mainland markets under pressure amid broader risk-off sentiment and regional geopolitical tensions.
The mainland opened sharply lower as Middle East tensions worsened, with the three major A-share indexes down between 2.2% and 3.5% at the open.
Nvidia and SK hynix announced a technology partnership to develop next-generation memory, reinforcing investor focus on the global AI supply chain.
South Korea’s KOSPI plunged more than 8% and triggered circuit breakers, while Samsung and SK hynix each fell about 8% to 9% as Iran-related worries hit Asian markets.
Goldman Sachs no longer expects the Federal Reserve to cut rates this year, signaling a more cautious view on U.S. monetary policy.
China’s foreign exchange reserves rose 0.93% in May to US$3.4422 trillion, marking a continued increase in gold holdings for the 19th straight month.
China’s State Council issued a policy tightening private fund supervision, explicitly banning illegal lending and “equity in name, debt in substance” practices.
Regulators and banks said additional account-opening and management measures for mainland investors in Hong Kong are in place to keep onboarding compliant and orderly.
Market attention also centered on company actions and restructurings, including buybacks by Xiaomi and ZTO, a reported debt default involving Shimao, and major index inclusion for AI firms such as Zhipu and MiniMax.

Tokyo stocks plunged over 3,100 points at one stage, briefly falling below 64,000 yen as AI semiconductor selling intensified on the back of weak U.S. equities.

Tokyo stock prices fell sharply, with the market dropping more than 3,100 points at one stage and briefly slipping below 64,000, marking one of the largest declines on record amid heavy selling of AI and semiconductor shares.
Another report said the market was down more than 2,600 points at one point and again fell below 64,000, as weakness in U.S. stocks triggered broader selling in AI and chip-related names.
Japan’s current account posted a surplus of 3.9078 trillion yen in April, rising for the 15th straight month, supported by a 13.9% increase in exports.
The yen traded in the early 160-yen range against the dollar, as strong U.S. employment data encouraged dollar buying and renewed expectations of U.S. Federal Reserve rate hikes pushed the yen lower.
Japan’s January-March GDP was revised down to an annualized 1.8% growth rate, with weak capital spending dragging on the economy, though it still remained in positive territory.
Inflation is likely to persist, and that will increase the government’s interest payments as public debt grows.
There is criticism of the finance ministry’s aversion to “permanent tax cuts,” while discussions on a refundable tax credit are reaching a crucial stage amid warnings not to be deceived by an “austerity-first” mindset.
Bank of Japan Governor Kazuo Ueda has taken a more hawkish stance on rate hikes, reflecting concern about policy falling behind the curve and a desire to avoid the embarrassment of having his nominee plan rejected.
Former President Trump said he wants interest rate cuts, but said the decision should be left to the next Federal Reserve chair, while markets are expecting rates to be held steady.
A tsunami advisory was issued from Ibaraki to Okinawa, with waves of up to 1 meter possibly arriving after 11 a.m., and other topics included a found vintage radio commercial, job-hunting trends, senior workforce changes, World Cup merchandise sales, Expo momentum, environmental app development, and Casio’s AI pet robot “Moflin” gaining traction.

Bitcoin and ether are suffering their worst weekly rout since the FTX collapse, with about $390 billion wiped from the crypto market as institutional sentiment turns sharply bearish.

Recent tax and policy discussions show that crypto regulation remains an active and important issue in Washington.
Michael Saylor is again fueling speculation about more bitcoin buying, even as scrutiny of Strategy continues to rise.
Bitcoin near $60,000 is being seen as a sign that institutional sentiment may have shifted compared with February.
Bitcoin’s latest decline appears to have multiple causes, including AI-related themes, tech IPO activity, quantum concerns, and Strategy-related selling.
Observers like Abra’s Bill Barhydt argue that Wall Street’s next major crypto opportunity may be tokenization.
Ethereum Foundation staff cuts and departures are being described by Joe Lubin as serious but not a crisis.
Bitcoin and ether are facing one of their worst weekly drops since the FTX collapse, with the crypto market losing hundreds of billions in value.
Stablecoins are becoming more integrated into mainstream finance, with Meta paying creators in them and major banks building a competing digital currency network.
Some crypto veterans remain strongly bullish on bitcoin, including a pioneer who turned a family stake into a billion-dollar fund.
Near-term macro events and market shifts are expected to heavily influence crypto, while newer altcoin and corporate treasury narratives face growing uncertainty.

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