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Wall Street reversed earlier gains and tech stocks slid, signaling renewed pressure on the US market.

Hedging tools are back in focus, with investors using QQQ put spreads to protect against Nasdaq-100 weakness.
Bitcoin’s sharp drop is driving trading activity in related stocks as investors look for spillover opportunities.
Several analysts are turning constructive on housing-related names, especially those tied to affluent buyers and improving home data.
Market-moving stories for the next session are being shaped by tech, housing, inflation, and large-cap earnings-related headlines.
Quantum computing is gaining attention as a major tech theme, and Bernstein says two stocks offer the most upside.
High-yield savings rates are being trimmed by some banks, but a few accounts still offer around 4% returns.
Concern about a possible market top from a SpaceX IPO is being challenged by historical evidence that major IPOs usually do not signal bull-market peaks.
New June 2026 investors are being reminded of Warren Buffett’s long-standing advice to stay disciplined and think long term.
Tech stocks are showing volatility, with Wall Street giving back gains as chip shares slide and traders rotate into higher-beta names.
Broader sentiment remains mixed, with warnings about inflation, consumer health, tariffs, oil, AI competition, and a possible market correction.

Hong Kong stocks ended lower as the Hang Seng Index slipped 91 points to 24,565, with Tencent trimming losses while the Kasei/KKR-related build-up in the “Build King” group and some mainland banks hit fresh highs amid active turnover.

JD.com, Meituan, and Ctrip are among the first companies to join WeChat’s AI internal testing program.
Chinese media report that China may invest 2 trillion yuan over the next five years to build data centers nationwide.
Taiwan’s May exports rose 51.7% year on year, far outperforming market expectations.
KGI raised its S&P 500 target to 8,000 points while keeping its 2026 U.S. GDP growth forecast at 2.2%.
Hong Kong stocks fell for a fifth straight session, with the Hang Seng Index closing down 91 points; Tencent’s gains narrowed and several stocks hit new highs on active trading.
Goldman Sachs lifted its Micron target price to $900 and maintained a “Neutral” rating, also increasing revenue and profit forecasts.
Several Chinese companies were listed in “military-related” blacklists, prompting China’s Foreign Ministry to urge the U.S. to stop suppressing Chinese firms unfairly.
ASML warned the EU against excessive intervention in the chip supply market, highlighting ongoing tensions in the semiconductor sector.
Indonesia unexpectedly raised interest rates by 25 basis points, boosting the rupiah and leading Barclays to predict another 50-basis-point hike next week.
China’s government approved a 2% across-the-board pay raise for civil servants, retroactive to April 1.

Japan stocks rebounded sharply, with the Nikkei surging 1,392 points to reclaim the 65,000 level as buying was driven by higher U.S. tech shares.

Japanese authorities are closely watching the yen around the 160-yen level because they may intervene in the foreign exchange market.
The Bank of Japan is expected to raise interest rates to 1.0% in June, reaching a 31-year high to counter inflation risks from the Middle East situation.
Tokyo stocks rebounded sharply, with the Nikkei rising 1,392 points and briefly recovering above 65,000, helped by strong U.S. tech shares.
U.S. technology gains also supported buying in Japan, while concerns about Middle East tensions kept Wall Street volatile.
Governor-level warnings from Japan’s finance minister signaled a firm stance against excessive yen weakness and hinted at possible currency intervention.
The yen in New York also traded in the early 160-yen range as investors remained cautious about intervention by Japanese authorities.
Sumishin SBI aims to expand to 15 million accounts, with its president saying the company wants to become the overwhelming market leader.
The transport minister announced plans to strengthen crackdowns on special vehicles such as trailers and to revise reporting requirements during fiscal 2026.
In other business and governance news, a knowledge-property and intangible-assets group marked its first anniversary, and Fuji Media Holdings reached a voting-related settlement issue.
Several cultural and local business stories drew attention, including a major group matchmaking event at an amusement park, an art exhibition in Kyoto, a new Kyoto Gion restaurant, and the death of Nikka’s third master blender.

UK regulators moved to allow mutual funds up to 10% exposure to crypto ETNs, a notable step toward broader institutional access to digital assets.

UK regulators are considering letting mutual funds allocate up to 10% of their portfolios to crypto exchange-traded notes.
Congress faces pressure to fix several corruption loopholes in the Clarity Act before it becomes law.
Traditional finance and Web3 firms are targeting $650 million in onchain private credit, using AI to help evaluate deals.
Ethena gained support from Janus Henderson, with the asset manager investing in ENA and exploring distribution for USDe.
One analyst expects crypto markets to remain weak until after the summer.
A16z and Paradigm are backing a $175 million effort to move global credit markets onto blockchain infrastructure.
CoinDesk 20 assets fell across the board, with AAVE leading declines after dropping 2.6%.
Bernstein says Bitcoin inflows have slowed sharply in 2026 as investors shift attention toward artificial intelligence.
BlackRock warned that rising energy costs could create a shock as May CPI data points to accelerating inflation.
Bitcoin slipped back to around $61,000, reducing hopes for a second straight day of gains.

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