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U.S. markets were pressured by a sharp selloff in chip stocks, triggering a Nasdaq bloodbath and highlighting renewed weakness in the tech sector.

Avalanche Treasury Co is preparing to begin Nasdaq trading, highlighting how crypto proxy investing is changing.
Josh Brown says a fresh AI trade is taking shape, and one standout stock is already benefiting from it.
Wall Street believes one company is the clear winner from the World Cup gambling surge.
Bank of America has embraced the agentic AI theme and strongly upgraded a related stock.
Early Wall Street coverage of SpaceX suggests the company’s eventual listing is creating a unique investment situation.
Scott Ladner argues that AI matters more than oil, especially as large IPO opportunities like SpaceX emerge.
Ripple CEO Garlinghouse criticized Jamie Dimon, saying his comments on crypto legislation amount to intentional misrepresentation.
Market Vector Indexes CEO says the recent semiconductor pullback is a healthy correction rather than a lasting breakdown.
Trump’s new Fed chief may soon face pressure to raise interest rates.
Wealth tied to AI and SpaceX is expected to spill into luxury spending, while crypto markets are suffering a major selloff.

Hong Kong stocks fell as the Hang Seng Index dropped 158 points, dragged by Alibaba’s more than 5% slide while AIA and HSBC rose, highlighting a mixed market with AI-related shares under pressure.

Alibaba Cloud’s Meoo launched Meoo CLI, a local AI coding tool that can be deployed directly to production.
Hong Kong stocks fell overall, with the Hang Seng Index down 158 points; Alibaba dropped more than 5%, while AIA and HSBC rose.
Market strategists remain bullish on AI-led global equities, with one forecast saying the S&P 500 could reach 8,200 by mid-next year.
Reports showed China’s major airlines may post a combined second-quarter loss of 17 billion yuan, while Cathay-related market concerns may have been exaggerated.
Hong Kong property news was active, including a 5.6 billion yuan luxury house deal and strong mainland buyer activity in May.
China’s AI + telecommunications policy support intensified, with officials targeting more self-operating networks, more use cases, and stronger infrastructure by 2028 and 2030.
May economic data showed CPI broadly stable and PPI continuing to rise, while experts said there is still room for stronger consumption stimulus.
New energy vehicles kept growing strongly, with May production and sales both up by double digits and NEV sales accounting for a larger share of total auto sales.
AI demand is driving new opportunities in multiple sectors, including cooling materials, power semiconductors, and hardware infrastructure, while investment in robotics and humanoid robot training is accelerating.
Several other themes are gaining attention, including gold price pressure, water network investment, eggs rising despite seasonal weakness, SpaceX’s IPO, and major shareholding changes in listed companies.

Tokyo stocks fell sharply as Middle East tensions and renewed wariness over U.S. and Iran developments triggered heavy selling, with the Nikkei briefly plunging more than 1,800 points.

English translation: The listed headlines cover financial markets, geopolitics, corporate news, infrastructure, tourism, climate-related demand, and supply-chain issues in Japan and abroad.
Bullet summary: The yen weakened to around the 160-yen range because investors bought dollars as a safe haven amid stagnant progress in ending the U.S.-Iran conflict.
Bullet summary: The Tokyo stock market briefly fell sharply before partially recovering, as fears of worsening Middle East tensions triggered selling and later bargain buying.
Bullet summary: European central banks may raise interest rates to respond to inflation pressures linked to the Middle East crisis, and the Bank of Japan could potentially follow.
Bullet summary: AI-related stocks showed mixed performance, with Kioxia surging above Toyota’s market value while Fujikura fell about half, highlighting diverging investor expectations.
Bullet summary: BOJ Governor Ueda was hospitalized, but the government said policy operations would not be disrupted, even though he will miss the June 15–16 meeting.
Bullet summary: Tokyo stocks suffered heavy intraday losses of more than 1,800 points, following declines in U.S. equities and broad selling pressure.
Bullet summary: The yen also started trading in the upper-160-yen range, reflecting continued demand for the dollar as a crisis hedge.
Bullet summary: Nagoya’s Sakae district opened a new tallest building, while Osaka introduced a hotel with panoramic views aimed at attracting inbound tourists.
Bullet summary: Businesses and airlines are feeling the impact of Middle East tensions through weaker regional outlooks and record-high fuel surcharges on Europe and U.S. routes.
Bullet summary: Companies also reported major operational and strategic changes, including Asahi’s profit downgrade after a cyberattack, Subaru’s flexible mixed-production line, and new retail advertising and outdoor cooling markets.

Citi’s launch of a crypto platform to tokenize private company shares highlights Wall Street’s accelerating push to bring traditional assets onchain.

Banking infrastructure is shifting beyond the idea that stablecoins alone will dominate the market.
Crypto exchange-traded funds are becoming a key topic for financial advisors.
The U.S. House is considering a bill to create a crypto-theft task force across law enforcement agencies.
SpaceX-related stock is set to appear on Solana at the same time it debuts on Nasdaq.
A developer behind the Canton Network has raised $355 million to help move Wall Street assets onchain.
Tether participated in a $1.4 billion funding round for the German robotics company Neura.
Uniswap rose 4.5% as the broader CoinDesk 20 index showed gains across all included assets.
Citi is expanding into private markets through an offering for tokenized shares.
Ondo Finance brought in a former Invesco ETF executive to develop onchain investment products.
Bitcoin ETF outflows may reflect arbitrage activity rather than simply negative investor sentiment.

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