Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
South Korea, US Discuss Warship Building Cooperation 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Add as a preferred source on Google
Asian stock markets suffered steep losses on Monday as investors locked in profits from the booming technology and artificial intelligence sectors, while escalating tensions between Iran and Israel further weakened market sentiment. The sharp sell-off followed a weak finish on Wall Street, where major U.S. indexes declined after stronger-than-expected employment data fueled concerns that interest rates could remain elevated for longer.
South Korea’s KOSPI index emerged as the region’s biggest loser, plunging nearly 9% at one stage as heavyweight semiconductor companies came under intense selling pressure. Samsung Electronics and SK Hynix, which have been key drivers of the market’s strong performance this year, both declined amid broader weakness in chip and AI-related stocks. However, SK Hynix limited some losses after announcing a partnership involving advanced AI chips with NVIDIA.
Japan’s Nikkei 225 also recorded significant declines, dropping more than 3% as investors reassessed valuations across the technology sector. Major technology investor SoftBank fell sharply, while semiconductor-related firms such as SUMCO and Renesas Electronics posted double-digit losses. Japan’s broader TOPIX index also moved lower after revised economic data showed first-quarter GDP growth slowing to 1.8%, below earlier estimates of 2.1%.
The downturn extended across Asia as renewed military exchanges between Iran and Israel heightened geopolitical uncertainty. The latest airstrikes weakened hopes for a lasting peace agreement and pushed oil prices higher, creating additional pressure on regional equities. Chinese markets also moved lower, with the CSI 300 and Shanghai Composite indexes posting notable losses, while Hong Kong’s Hang Seng Index and Singapore’s Straits Times Index followed the regional decline.
Despite the broad sell-off, U.S. stock futures showed signs of stabilization during Asian trading hours, with S&P 500 and Nasdaq 100 futures edging higher. Investors are now closely watching developments in the Middle East, movements in oil prices, and upcoming Federal Reserve decisions, all of which could influence the direction of global markets and the future of the AI-driven stock rally.
