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U.S. stocks rebounded sharply as tech led the rally, with Intel and other chip names surging after fresh AI-related optimism and Big Tech weakness easing.

Veteran trader Jay Woods warns investors to be cautious about the SpaceX IPO.
Lou Basenese also says the SpaceX listing is risky and compares it to “Musk Mania.”
Morningstar argues SpaceX may be worth less than half of its IPO valuation target.
Wall Street and analysts remain focused on AI, with Citi raising its S&P 500 target to 8,100 on stronger AI-linked earnings.
Alphabet plans to sell $80 billion in stock to help finance its AI expansion.
Chip stocks are rebounding, with Intel, Nvidia, Marvell, and others leading the rally on renewed AI demand.
Analysts are increasingly bullish on memory and storage names like Sandisk, Seagate, and Western Digital because of AI-driven demand.
The broader market has been highly volatile, including a major selloff that wiped out about $1.8 trillion from the S&P 500.
Gold prices tumbled as stronger U.S. jobs data revived expectations for higher interest rates.
Investors are watching multiple other themes, including robotics, nuclear tech, energy tensions, and weakening consumer financial health.

Hong Kong stocks fell sharply as the Hang Seng Index dropped 304 points to a more than two-month low, led by a nearly 8% slump in Baidu amid concerns over its IPO prospects.

Hong Kong and mainland markets fell broadly, with tech and chip stocks under the most pressure.
Analysts said the Asian tech selloff looks like a normal cyclical correction rather than a structural peak.
WeChat is opening its AI ecosystem to developers, signaling a deeper push into AI applications.
ByteDance’s Hong Kong unit reportedly obtained a lender license, hinting at a possible local business expansion.
New energy vehicle retail sales in China dropped 7.5% in May, suggesting weaker near-term demand.
Several brokerages remained constructive on consumer, energy, and property names despite market volatility.
Sun Hung Kai Properties secured a large five-year syndicated loan, indicating continued financing activity in Hong Kong property.
China’s Greater Bay Area vehicle access rules were expanded again, making cross-boundary travel easier.
Beijing said it is willing to continue trilateral cooperation talks with Russia and India.
S&P kept a stable outlook on Duk Heung, citing expected net cash strength over the next year.

The Tokyo Stock Exchange plunged, with the Nikkei tumbling more than 2,500 points as heavy selling hit AI and semiconductor shares amid a broader drop in U.S. stocks.

Activist investors are becoming more active, and proposals at June shareholder meetings have reached a record high, including interventions in top management appointments and business restructuring.
There are concerns that activist investors are secretly coordinating behind the scenes, with multiple cases prompting issues to be raised at a Ministry of Economy, Trade and Industry expert panel.
Resona Saitama Bank is strengthening its business expansion through three key pillars: “town,” “people,” and “jobs,” according to President Shinichi Shinofuji.
Consumer sentiment in cities improved for the first time in three months in May, supported by steady spending during the long holiday period.
Long-term interest rates rose to 2.715%, reflecting the impact of higher U.S. long-term rates.
The G7 held an emergency agriculture ministers’ meeting to discuss how to address fertilizer shortages and maintain stable food production amid turmoil in the Middle East.
The Tokyo Stock Exchange fell sharply, with the Nikkei closing down 2,563 yen, the second-largest drop this year, as selling spread in AI and semiconductor stocks.
Stocks also plunged by more than 3,100 yen at one point, briefly pushing the Nikkei below 64,000, marking the fourth-largest intraday decline on record due to weak U.S. markets and AI/semiconductor selling.
Another session saw the Nikkei drop more than 2,600 yen intraday and again fall below 64,000 as selling intensified in AI and semiconductor shares after U.S. stock declines.
Other notable news included major developments in Nagoya, corporate acquisitions and factory investment, rail maintenance work, changes in business travel and online sales, a regeneration medicine project, rising housing prices in Tokyo, repeated price hikes for packaging films, and the loss of an SSD containing data on about 10 million people.

Bitcoin surged back above $63,000 as Strategy resumed buying, signaling renewed institutional confidence after the crypto market downturn.

Sam Bankman-Fried has formally requested a presidential pardon from Trump.
Ledger’s CTO says heavy EU compliance costs are stifling Web3 innovation.
Aave is defending the protocol’s stability after an $8.45 billion bank run.
10xResearch argues Bitcoin’s drop is being driven more by rising inflation than by Strategy.
The CoinDesk 20 showed broad strength, with NEAR leading gains at 12.3%.
MetaMask introduced an AI-powered wallet agent with built-in security for crypto trading.
Bitmine made its largest Ether purchase of 2026 while prices were falling.
Strategy resumed buying Bitcoin, adding 1,550 BTC after a recent small sale.
Bitcoin moved above $63,000 as Strategy added another $100 million worth of BTC.
A key Bitcoin market signal suggests the crypto crash may be nearing its end.

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