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US markets were hit by a major selloff, with the S&P 500 losing $1.8 trillion and the Nasdaq suffering its biggest point drop ever, underscoring a sharp risk-off turn among investors.

Bernstein says quantum computing could be the next big force in tech, and it names two stocks with the most potential upside.
Some high-yield savings accounts have lowered their rates, but a few still offer 4% returns.
Analysts and traders are split on the SpaceX IPO, with some fearing “Musk Mania” while others say a major IPO does not usually mark a bull market top.
Morningstar values SpaceX at less than half the IPO target, adding skepticism about the offering’s price.
Investor interest is rising in AI-related themes, including humanoid robotics, Alphabet’s AI spending, and Apple’s push to monetize Siri.
Tech and chip stocks are getting mixed signals as Intel, Nvidia, and other semiconductor names rise, while some analysts warn the rebound could fade if yields keep climbing.
Traders are hedging more aggressively, suggesting caution around the chip rebound and broader market direction.
Market volatility has increased, with the S&P 500 suffering a massive wipeout and the Nasdaq posting a record point drop.
Some sectors still show strength, including pharma, memory chips, and select consumer and industrial names, which are attracting bullish analyst views and breakout calls.
Macroeconomic and policy risks remain in focus, including oil prices, low crude inventories, market crash warnings, immigration policy changes, and geopolitical developments.

Hong Kong stocks fell sharply, with the Hang Seng Index dropping 304 points as Baidu, SMIC and Hua Hong Semiconductor led the downturn amid a broader tech selloff.

English translation: The provided Chinese headlines and news snippets cover market moves, corporate actions, policy updates, and technology trends across Hong Kong, mainland China, and global markets.
Standard & Poor’s view: S&P expects Techtronic Industries to maintain a net cash position over the next 12 months and keeps a “stable” outlook.
Asia tech correction: Invesco’s Zhao Yaoting says Asian tech stocks are highly linked to the U.S. semiconductor cycle, and the current pullback is a healthy cyclical adjustment.
NEV retail sales: China’s passenger NEV retail sales in May were 950,000 units, down 7.5% year on year.
ByteDance Hong Kong licensing: ByteDance Group (Hong Kong) reportedly obtained a money-lender license and is studying business expansion in Hong Kong.
WeChat AI ecosystem: WeChat is opening up AI-ecosystem integration capabilities to developers, signaling deeper AI application within the platform.
Hong Kong market weakness: The Hang Seng Index fell 304 points, with Baidu down nearly 8% and SMIC and Hua Hong down 4%–5% amid broader weakness in tech shares.
Mainland market decline: A-shares also fell sharply, with the three major indices down 1.7% to 3.7%; oil stocks rose while chip names, including Hua Hong, dropped.
Property and infrastructure themes: Hong Kong property and infrastructure headlines include a strong new loan deal for Sun Hung Kai Properties, more mainland-inbound vehicles allowed under the “Guangdong cars southbound” scheme, and brokerage houses remaining constructive on selected developers.
Broader investment themes: The news flow highlights AI, semiconductors, robots, lithium battery storage, glass substrates, and capital market restructuring as key investment themes, while also covering dividend payments, buybacks, regulatory tightening, and shareholder changes.

Tokyo stocks plunged sharply, with the Nikkei dropping over 3,000 points at one point as selling hit AI and semiconductor shares amid U.S. market weakness.

Activist investors are becoming more active, with June shareholder meeting proposals hitting a record high and involving pressure on executive appointments and business restructuring.
There are concerns that activist groups are secretly coordinating behind the scenes, with multiple suspected cases raised at a Ministry of Economy, Trade and Industry expert panel.
Saitama Resona Bank is strengthening its regional expansion strategy through the three pillars of “town,” “people,” and “jobs,” according to President Shinichi Shinofuji.
The economy in local areas improved for the first time in three months, supported by steady consumer spending during the Golden Week holiday period in May.
Long-term interest rates rose to 2.715%, reflecting the upward trend in U.S. long-term yields.
The G7 is discussing how to address fertilizer shortages, with an emergency agriculture ministers’ meeting held amid Middle East turmoil to support stable food production.
The Tokyo Stock Exchange fell sharply, closing down 2,563 yen, its second-largest drop of the year, as selling of AI and semiconductor shares accelerated.
At one point, the Nikkei dropped more than 3,100 yen and briefly fell below 64,000 yen, marking the fourth-largest intraday decline on record.
Another market report also noted a temporary drop of more than 2,600 yen below 64,000 yen, driven by weak U.S. stocks and heavy selling in AI semiconductor shares.
Other major business and social news included Nagoya’s highest building opening in Sakae, corporate acquisitions and plant investment, rail maintenance work, reduced business travel, medical innovation plans, rising housing unaffordability, price hikes for packaging film, and a major data storage loss affecting about 10 million records.

Bitcoin topped $63,000 as Strategy resumed aggressive buying with a fresh $100 million BTC purchase, reinforcing bullish momentum in the crypto market.

An influential research firm that triggered a selloff in AI stocks now describes Hyperliquid as a “compelling” opportunity.
Bitcoin has climbed back above $63,000 as Strategy added another $100 million worth of BTC in its latest buy.
Sam Bankman-Fried has formally requested a presidential pardon from Trump.
Ledger’s CTO says the European Union’s heavy compliance burden is stifling innovation in Web3.
Aave’s leadership says the protocol stayed resilient after an $8.45 billion bank run.
10xResearch argues Bitcoin’s drop should be blamed on rising inflation rather than Strategy’s actions.
CoinDesk 20 data shows NEAR leading gains, up 12.3%, while most major crypto assets traded higher.
MetaMask has introduced an AI-powered wallet agent with built-in security features for crypto trading.
Bitmine made its largest ether purchase of 2026, buying the dip as prices fell sharply.
Strategy bought 1,550 more Bitcoin just one week after selling $2.5 million in coins.

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