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U.S. stocks tumbled in a broad selloff, with the S&P 500 losing $1.8 trillion and the Nasdaq posting its biggest point drop on record as investors fled AI and other high-flying names.

RBC cut its rating on an apparel company because the turnaround may take longer than investors expected.
UBS says it is a good time to buy back into a fast-casual restaurant stock.
Kalshi has launched whistleblower services and employment verification features.
Morgan Stanley says some dividend stocks have reduced their payouts.
Short sellers are increasing bets against semiconductors as the trade’s momentum reverses.
Todd Gordon says growth investing is different from betting on horses and offers one trade idea.
Kalshi’s new “perps” trading product passed $1 billion in volume within a week of launch.
Kevin O’Leary says data center capacity is urgently needed to support AI demand.
The S&P 500 suffered a $1.8 trillion loss, while the Nasdaq posted a record point drop in a major selloff.
Investors are dumping many of AI’s biggest winners, while broader market warnings, oil swings, and Iran-related tensions are adding to uncertainty.

Hong Kong stocks fell as the Hang Seng Index closed down 157 points, with heavy losses in HSBC and Lenovo offsetting some gainers amid active trading.

Ant International is reportedly seeking a US$1 billion financing round, which could support a future Hong Kong listing.
Hong Kong officials say any future stablecoin issuer licenses will remain very limited in number.
Hong Kong stocks fell across the board, with the Hang Seng Index down 157 points, dragged by declines in HSBC and Lenovo.
Hong Kong residential rents rose, as the Centaline City Rental Index increased 1.26% month on month, the biggest monthly gain in nearly a year.
China’s A-share market also weakened, although banks and insurers rose against the trend, helping China Life gain more than 4%.
ByteDance’s AI drug-development business is said to be splitting off and beginning an independent financing process.
China’s new-energy vehicle sector continued to grow in May, with production up 22.4% year on year and sales up 14.4%.
BYD said its Hungary factory will start production in the fourth quarter, while its planned Turkey plant has been paused.
TSMC reported strong May revenue growth of 30.1% year on year, reflecting continued demand for advanced chip manufacturing.
Mainland China’s policy and industry headlines highlighted support for services, humanoid robots, 6G trials, and AI-linked sectors such as storage, electronics, and data centers.

Japanese stocks plunged as Middle East tensions and rising U.S.-Iran risks hit investor sentiment, with the Nikkei sharply lower and the yen firming around the 160-yen level against the dollar.

Japanese banks are competing more aggressively on time deposits, with SBI Shinsei Bank effectively raising returns through a bonus campaign worth up to ¥10,000.
The Bank of Japan announced that Governor Kazuo Ueda has been hospitalized for treatment of an infected liver cyst and will miss the June policy meeting, where a deputy governor will chair instead.
The yen weakened to the low ¥160 range against the dollar as Middle East tensions revived “safe-haven” dollar buying and reduced hopes for an early end to the conflict.
Long-term Japanese interest rates rose to 2.680% as higher crude oil prices tied to Middle East concerns strengthened inflation fears.
The Tokyo stock market fell sharply, including a 1,237-point drop at the close, as selling hit technology shares and investor sentiment worsened over U.S.-Iran tensions.
Another major selloff pushed the Nikkei down more than 1,100 points at one point, breaking below the 65,000 level on uncertainty over the Middle East.
West Japan Railway’s banking business is aiming for 1 million accounts and ¥1 trillion in deposits, using a Kansai Mirai Bank brand strategy.
JR West is also moving to strengthen its financial services presence as part of a broader regional banking push.
Crude oil in New York reversed lower and briefly fell into the mid-$85 range as supply fears eased and selling pressure increased.
Other business and consumer topics include early competition in air conditioners ahead of the 2027 efficiency-rule shift, state support for truck relay hubs, possible Starbucks Japan divestment, China’s higher producer prices, and pressure on Japan’s smartphone makers and EV policy discussions in the EU.

Bitcoin and gold are both sliding as rising rate-hike expectations, weak macro data, and broader risk-off sentiment weigh on the crypto market.

Bitcoin-related projects are showing weaker traction, with one “Bitcoin DeFi” effort shutting down after admitting users simply were not interested.
Bitcoin faces renewed downside risk, including a scenario where inflation pressures could push it below $60,000.
Altcoins are under heavy pressure, as traders rotate out of Zcash, Hyperliquid, XRP, and Ethereum amid broader market weakness.
XRP appears to be in a capitulation phase, with large selling and repeated support breakdowns suggesting holders are exiting at losses.
Bitcoin and gold are both falling at the same time, showing that rising rate-hike expectations are hurting traditional hedge assets too.
Bitcoin ETF growth looks stagnant, with current adoption not materially stronger than it was when Trump won the election.
SpaceX’s IPO is drawing huge demand, but a crypto-linked bet on the deal points to more caution than enthusiasm in the broader market.
Markets are watching multiple headwinds for Bitcoin, including Fed policy, SpaceX-related risk sentiment, and weakness in related tokens like Mythos.
Global crypto regulation is tightening, with Europe gaining broader powers to restrict countries and banks in Japan moving toward a joint stablecoin launch.
Recent macro and geopolitical shocks are adding to crypto volatility, as rate-cut hopes fade, economic data disappoints, and headlines around Trump, Iran, and CPI weigh on sentiment.

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