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US stocks plunged as solid jobs data pushed prediction markets to price in higher Fed rate-hike odds, rattling investors and signaling a stronger-for-longer policy outlook.

Markets are expected to be driven by a mix of stock-specific earnings news, macro data, and investor sentiment in the next trading session.
Kalshi is expanding into new services and products, including whistleblower support, employment verification, and high-volume “perps” trading.
Analysts say the tech and AI boom still has room to run, with Meta potentially building a major new business.
Some dividend stocks have cut payouts, while Morgan Stanley is warning investors to watch for those reductions.
Semiconductor short sellers are increasing bets even as a prior winning trade in the sector starts to reverse.
Investors are rotating out of some of the biggest AI winners, suggesting profit-taking and growing caution in the market.
Several major financial voices are warning that stocks may be near a wall, with some calling for a possible market crash.
Strong jobs data is lifting Fed rate-hike expectations and helping explain why stocks are under pressure.
AI infrastructure demand remains intense, with companies like Super Micro, OpenAI, and xAI tied to data center expansion and financing needs.
Geopolitical tensions, tariffs, oil moves, and China-related semiconductor restrictions are adding another layer of uncertainty across markets.

Hong Kong stocks opened lower as HSBC and Wuxi Biologics dragged the Hang Seng Index down, with Swire’s HK$4.7 billion Cathay Pacific exchangeable bond issue and Cathay shares falling early in focus.

Longfor’s May contracted sales dropped 48.7% year-on-year, highlighting continued pressure in the mainland property sector.
Q Technology’s smartphone camera module shipments increased 39.4% year-on-year, suggesting stronger electronics demand.
Swire issued HK$4.7 billion of exchangeable bonds tied to Cathay Pacific, which caused Cathay shares to fall about 5% early in trading.
Most economists expect the Bank of Japan to raise rates this month, with two hikes projected for the year.
XtalPi secured an AI drug discovery strategic partnership with an international pharma firm worth over US$400 million.
Hengan International’s chairman is on temporary leave due to personal health reasons.
China’s May producer prices rose 3.9% year-on-year, in line with expectations.
China’s May consumer prices rose 1.2% year-on-year, slightly below forecasts.
Tencent, Kuaishou, and WuXi Biologics all announced share repurchases, reflecting support for shareholder returns.
Paradigm Intelligent Finance opened higher and is seeking a listing on Shenzhen’s ChiNext market.

Japan’s stock market surged, with the Nikkei briefly jumping more than 1,000 points and rebounding to the 65,000-yen range as strong U.S. tech stocks fueled buying.

Tokyo stocks fell sharply, at one point dropping 900 yen, with AI and semiconductor shares leading the decline.
The yen traded in the lower 160-yen range in both New York and Tokyo markets.
Corporate goods prices in May rose 6.3%, pushed up by higher crude oil prices tied to Middle East tensions.
European stocks also declined, especially resource and financial shares.
The Bank of Japan is expected to raise rates to 1.0% in June, the highest level in 31 years.
Tokyo stocks later rebounded strongly, rising 1,392 yen and briefly recovering the 65,000-yen level.
The rebound in Japanese stocks was supported by gains in U.S. high-tech shares.
Beer sales in May increased 5%, continuing the boost from last year’s price hikes.
SpaceX shares attracted strong order demand ahead of their Nasdaq listing, with 30% allocated to retail investors.
Ibaraki is working to raise awareness of its melon production to challenge the common belief that melons are mainly from Hokkaido.

U.S. lawmakers are still debating key crypto tax and Clarity Act provisions, leaving major regulatory uncertainty for the market.

U.S. lawmakers are still debating crypto tax legislation, with several House concerns leaving the bill unfinished.
Securitize’s CEO says tokenized stocks could open access to a massive $5 trillion crypto opportunity.
The UK regulator is considering a rule change that would let mutual funds allocate up to 10% to crypto ETNs.
Congress is being urged to fix corruption loopholes in the Clarity Act before it moves forward.
Traditional finance and Web3 firms are aiming to raise $650 million for onchain private credit using AI-based evaluation.
Ethena has gained support from Janus Henderson, which is investing in ENA and exploring USDe distribution.
One market analyst expects crypto to stay subdued until after the summer.
a16z and Paradigm are backing a $175 million push to shift global credit markets onto blockchain rails.
CoinDesk’s market update shows broad weakness, with AAVE down 2.6% and all major constituents trading lower.
Bitcoin inflows are slowing in 2026 as investors increasingly favor AI-related opportunities, according to Bernstein.

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