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US markets were hit by a hawkish Fed outlook as traders priced in higher odds of rate hikes this year, pressuring risk assets and fueling concern about tighter policy.

The average SpaceX post-IPO buyer is now close to underwater after a sharp two-day decline.
SpaceX shares are still seen by some analysts as having room to more than double, potentially rising above $400.
Some traders expect a greater than 50% chance that the Federal Reserve will raise rates again this year.
Analysts say the AI trade may start favoring Nvidia again as market dynamics shift.
One car stock appears technically attractive after spending months trading in a narrow range.
A technology company on Josh Brown’s watchlist is viewed as benefiting from the data center buildout.
Oppenheimer believes SpaceX has additional upside after an AI coding deal.
KBW is recommending buying CME Group shares on the dip, arguing fears about perpetual futures are overstated.
Investors in BDCs are in an extremely favorable environment, according to Sanders Morris’s chairman.
Markets are showing caution around Juneteenth triple witching, with the holiday affecting stock trading activity.

Hong Kong stocks fell 387 points as Tencent announced a HK$500 million share buyback, while the HKEX and regulators launched a pilot digital payment solution for after-hours derivatives trading.

European stocks were mixed in early trading as investors watched the Bank of England rate decision; UK shares fell nearly 1% while US futures rose sharply.
Tencent spent about HK$500 million to repurchase 1.144 million shares, signaling continued buyback support.
Taiwan kept its policy interest rate unchanged, matching market expectations.
Switzerland also left its benchmark rate at 0%, which pushed the Swiss franc down 0.4%.
Hong Kong property rents kept weakening: Centaline’s April city rent return fell to 3.24% for the eighth straight month, ending the “cheaper to buy than rent” situation.
Hong Kong Exchanges and Clearing, together with the HKMA, launched a pilot digital-payment solution for after-hours trading in derivatives.
HKEX also said it will launch five-year Treasury futures on August 3 and renewed its cooperation memo with China Financial Futures Exchange.
Several companies issued profit warnings, including Bauhaus International, National Quantum, and China Tobacco Hong Kong, while Bauhaus expected a loss of up to HK$4 million.
Hong Kong’s Hang Seng Index fell 387 points, with Meituan down 3.5% even as AI-related stock Zhìpǔ surged 26% above HK$2,000.
Mainland China and Hong Kong regulators rolled out major financial-market reforms, including support for AI, hard-tech listings, active ETFs, and the planned launch of five-year RMB Treasury futures in Hong Kong.

Tokyo stocks hit a record high as hopes for easing Middle East tensions and a rebound in U.S. equities boosted risk sentiment, with the Nikkei briefly surpassing 70,000 and closing at a new all-time high.

The Tokyo Stock Exchange briefly hit a record high, supported by strong U.S. stocks and hopes that tensions in the Middle East will ease.
Finance Minister Katayama warned against speculation and signaled concern over the weak yen.
Japan’s consumer prices in May rose 1.4% year on year, staying below 2% for the fourth straight month as government gasoline subsidies held down prices.
The yen briefly fell to 161.81 per dollar, approaching a 39-and-a-half-year low as markets expected further U.S. rate hikes and dollar buying accelerated.
New York stocks rebounded by 72 points, helped by lower crude oil prices and easing inflation fears.
U.S. crude oil futures fell back into the $76 range, with expectations that the Strait of Hormuz situation would normalize.
Banks are rapidly raising deposit rates, intensifying competition to attract deposits as a source of funding, though regional banks are worried about the strain.
The Tokyo Stock Exchange closed above 70,000 for the first time, rising for a sixth straight day after reports that the U.S.-Iran fighting had ended.
Mitsubishi UFJ Bank introduced invoice purchasing services to let small and midsize businesses convert receivables into cash without waiting for payment, easing cash-flow pressure.
Other notable business and social topics included heatwave-related business opportunities, stronger heatstroke prevention efforts at construction sites, new products and promotions from companies, and continued caution over possible currency intervention.

U.S. regulators are moving to impose bank-like customer-ID rules on stablecoin issuers under the new GENIUS Act, signaling tighter oversight for the crypto market.

Former Celsius CEO Alex Mashinsky received a final ban from the U.S. CFTC, closing another regulatory chapter in the crypto lender’s collapse.
U.S. regulators are pushing for stablecoin customer identification rules that would make issuers operate more like traditional banks under the new GENIUS Act framework.
The Ethereum Foundation saw another leadership change after co-executive director Hsiao-Wei Wang stepped down.
Analysts are revisiting bitcoin’s market cycle to help advisors understand trading opportunities and timing.
Algorand announced a roadmap aimed at achieving quantum resistance by 2028.
In the CoinDesk 20 index, Stellar (XLM) rose 10% even as the broader index declined.
Alchemy expanded its AI-powered identity and payment product by gaining access to the Visa network.
Hive’s stock climbed 10% after the company secured a $220 million sovereign AI infrastructure deal in Canada.
Investors are shifting away from the Magnificent 7 toward crypto themes tied to AI infrastructure bottlenecks.
The U.S. Dollar Index is nearing a major breakout, a move that could create headwinds for bitcoin and the wider crypto market.

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