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U.S. stocks were broadly pressured as investors weighed fresh Nvidia-led AI sector weakness, rising geopolitical risks, and a market environment described by analysts as increasingly “unsettled.”

Josh Brown highlighted a rerun move in one of his Best Stocks, suggesting renewed investor interest in a familiar name.
Barclays warned investors to avoid a major beer company because World Cup-related weakness is still pressuring the stock.
Steve Eisman has grown less confident about artificial intelligence and recently sold a key technology holding.
Wall Street’s latest analyst calls focused on major names like Nvidia, SpaceX, Tesla, Apple, Ford, and Rivian.
Piper Sandler said Rivian could benefit significantly as the robotaxi market expands.
Jefferies upgraded Ford and General Motors, expecting both automakers to see strong upside ahead.
Apple options activity turned unusual ahead of earnings, hinting at elevated trader expectations.
Rising corporate debt costs could create problems for funding the AI infrastructure buildout.
Markets are being described as unsettled and short-sighted, with investors paying close attention to a busy week of data and commentary.
Big themes in the news include Nvidia’s AI partnerships, growing geopolitical tension, Fed uncertainty, and heightened interest in stocks like SpaceX, Palantir, and quantum computing names.

Hong Kong stocks rose sharply as the Hang Seng Index gained 243 points, with Xiaomi jumping over 7%, casino shares surging, and HSBC and Bank of China (Hong Kong) hitting fresh highs on active trading.

Macquarie slightly lowered CNOOC’s target price to HK$17.5 and kept an “underperform” rating.
China Construction Bank completed a RMB 60 billion Tier-2 capital bond issuance.
Alibaba’s AI agent product “Qianwen Office” has reportedly started a small-scale internal test.
China Glass is expected to turn profitable in the first half, with net profit potentially reaching up to RMB 65 million.
Brokerages remain mixed on Trip.com, and the latest views, ratings, and target prices were summarized.
Hong Kong’s June total export value rose 53.4% year on year, beating expectations and widening the growth rate.
The European Central Bank governing council member said the ECB must raise rates at least once more to curb inflation.
PwC Hong Kong proposed more competitive tax and regulatory measures in recommendations for Hong Kong’s first five-year plan and the 2026 policy address.
Laopu Gold expects first-half adjusted non-IFRS net profit to rise by as much as 85% year on year.
Hong Kong stocks rose sharply, with the Hang Seng Index closing up 243 points; Xiaomi surged more than 7%, while HSBC and Bank of China (Hong Kong) hit new highs.

Japan’s market focus is on the government’s move to cut or effectively zero out food consumption tax, with ruling-party coordination, funding, and implementation hurdles becoming the key near-term policy issue.

Government is considering making food consumption tax effectively zero, with a fast-track review focused on funding, restaurant treatment, and support for farmers.
About 60% of the planned 600 billion yen allocation may go toward achieving the effective zero tax rate, while some relief measures could be advanced ahead of time.
Public sentiment appears favorable toward a 1% food tax rate, with a Kyodo poll showing support among centrist and Democratic Party for the People voters exceeding opposition.
The Liberal Democratic Party is trying to consolidate its position on whether to cut consumption taxes, and the prime minister may instruct party leadership within the week to share responsibility and calm cautious members.
Rice crop conversion subsidies have been underused, as farmers prioritized table rice during the “rice turmoil” instead of shifting to wheat and soybeans, which could push store prices lower.
DPFP leader Tamaki said it is difficult to reach consensus on a consumption tax cut, suggesting that the party may end up with no unified decision.
Yoshio Tamura criticized media behavior, arguing that it acts in a way that can endanger the nation and fails to learn from past mistakes.
U.S. stocks rebounded by 235 dollars as lower crude oil prices eased inflation concerns.
A U.S. report said Japan will remain under currency monitoring, but it was not labeled a “manipulator,” and the yen is not expected to be pushed into excessive volatility.
Other news highlights include delayed work at Onagawa’s dry storage facility, progress in fully farmed eel production, stronger measures against fake ads and online abuse, and summer heat countermeasures such as cooling products and pre-cooling advice.

Crypto markets were jolted by a wave of major institutional and on-chain developments, with Bitmine buying more ether as ETH/BTC strength signaled potential upside across crypto prices.

Uphold reduced its global workforce by 17% as the crypto downturn continued to pressure the business.
Crypto traders are increasingly focusing on perpetual futures, a highly popular and important leveraged trading product.
Fanatics acquired a regulated exchange to strengthen its position in the prediction markets industry.
Cantor is helping AMINA, a crypto-friendly bank, explore the possibility of going public.
Lido is shifting $16.5 billion in staked ether to reduce the number of validators by one-third.
Thailand’s securities regulator says Bitkub hid a cyberattack that resulted in a $50 million loss.
Nvidia launched a 37-member AI security coalition, but major players like OpenAI, Anthropic, and Google were not included.
Securitize gained added legitimacy in traditional finance by obtaining an SEC adviser license as tokenization grows.
Weekend trading habits on Wall Street are being reshaped by the rise of crypto markets.
Bitmine increased its ether holdings, while Tom Lee argued that a stronger ETH/BTC ratio signals more upside for crypto prices.

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