Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
U.S. stock futures edged higher Sunday evening, attempting to recover from last week’s steep losses driven by economic concerns and political uncertainty. Investors are now focusing on Nvidia’s upcoming earnings, a key event for the AI sector.
On Friday, weak U.S. services PMI data and soft consumer sentiment heightened fears of an economic slowdown, dragging Wall Street lower. The Federal Reserve may consider rate cuts, but slowing growth raises concerns about corporate earnings. Market anxiety was further fueled by former President Donald Trump’s renewed tariff threats, targeting automobiles, pharmaceuticals, semiconductors, and lumber imports.
Amid the turbulence, Nvidia saw a sharp 4.1% decline, reflecting doubts about AI’s sustainability, particularly after China’s DeepSeek launch in January. Investors are eager for Nvidia’s earnings report on Wednesday, seeking insights into AI demand and the company’s outlook. Any comments on DeepSeek’s impact could significantly influence market sentiment.
S&P 500 Futures rose 0.4% to 6,050.25, while Nasdaq 100 Futures gained 0.4% to 21,758.50. Dow Jones Futures climbed 0.3% to 43,610.0. Despite this slight rebound, Friday’s session saw heavy selling: the S&P 500 fell 1.7% to 6,013.13, the NASDAQ Composite dropped 2.2% to 19,524.01, and the Dow slid 1.7% to 43,428.02.
The recent pullback follows a series of record highs in February, leading to profit-taking amid uncertainty. Nvidia’s earnings will be a major catalyst for the market, as investors assess whether AI demand remains strong or if concerns over rising competition will weigh on the sector’s growth.
