Market news
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South Korea Margin Loans Hit Record $26B, Forced Liquidation Spikes
Margin loans in South Korea have reached a record ~$26 billion, doubling since early 2025, but as a share of free float they are at pandemic lows. The daily forced liquidation ratio recently spiked to 4-5% of total outstanding margin loans, far above the normal ~1%, indicating heightened market stress.
US Military Conducts More Strikes in Strait of Hormuz
The U.S. military has carried out additional strikes in the Strait of Hormuz area, marking the second round since a recent memorandum of understanding was signed, according to Axios.
China Gold Imports Reach 163 Tonnes in May, Central Bank Adds 10t
China imported 163 tonnes of gold in May, the highest monthly figure since March 2024, marking three consecutive months above 150 tonnes. The People's Bank of China added 10 tonnes to its reserves, extending its buying streak to 19 months.
US Median Home Price Jumps $8,400 in May; Gap with Average Price Widens to 27%
The US median home sales price rose $8,400 in May to $424,900, the second-highest since January 2025, while the gap between median and average prices hit a record 27%.
Tech Sector Hits Record 39% of S&P 500 Market Cap, Exceeds Dot-Com Peak
The Information Technology sector now accounts for 39% of the S&P 500's total market cap, exceeding the Dot-Com bubble's 33% peak and the 1980s Energy sector high of ~31%.
US Tech Funds See Record $15B Outflow in a Week
US technology sector funds suffered $15 billion in outflows last week, the largest weekly withdrawal in at least 2.5 years, after a record $19 billion inflow the prior week.
Retail Rotates Out of Gold and Bitcoin Into Semiconductor ETFs
Since April, cumulative outflows from US gold and Bitcoin ETFs reached $12 billion, while semiconductor ETFs attracted $20 billion in inflows. The rotation accelerated in mid-May, with gold and Bitcoin funds more than tripling their outflows and semiconductor ETF inflows doubling.
S&P 500 Equal-Weight ETF RSP Outperforms SPY by Most Since 2009
The S&P 500 equal-weight ETF (RSP) is on track for its largest monthly outperformance over the cap-weighted S&P 500 ETF (SPY) since 2009, with a 5 percentage point lead in June. Weekly outperformance hit 3.4 percentage points, the widest since the 2020 pandemic.
Jordanian FM: Framework Agreement Aims to Restore Lebanon's Stability
Jordan's foreign minister expressed hope that the upcoming framework agreement will serve Lebanon's interests and help restore stability while reinforcing state sovereignty.
Chinese Hedge Funds Warn AI Super Bubble Near Bursting Point
Two prominent Chinese hedge fund managers warn that the global AI rally has entered a 'super bubble' phase and may be approaching a major correction.
China Advisers Urge Action on AI-Driven Economic Divergence
Several advisers to the Chinese government are calling for measures to address the widening gap between high-tech sectors boosted by AI and the sluggish domestic consumer spending.
US Strikes Iranian Sites After Drone Attack on Ship; Iran Retaliates
The US struck Iranian missile, drone and radar sites in southern Iran after what it called an Iranian drone attack on a Singapore-flagged container ship. Iran retaliated by striking US-linked targets.
Bahrain condemns Iranian drone attack as sovereignty violation
Bahrain has condemned an Iranian drone attack on its territory, accusing Tehran of violating its sovereignty and breaching a recent US-Iran memorandum of understanding.
Trump Warns BRICS of 100% Tariffs Over Dollar Undermining
Donald Trump has reiterated his threat to impose 100% tariffs on BRICS nations if they attempt to create or back an alternative reserve currency that undermines the US dollar.
Strike Reported Amid Iran-US-Israel Tensions, No Casualties
A strike occurred without immediate reports of casualties or damage, amid heightened regional tensions involving Iran, the United States, and Israel.
European gangs now 'corporations of crime' with hundreds of thousands of members
An intelligence report reveals that Europe's most dangerous gangs have grown to include hundreds of thousands of members, operating openly as organized 'corporations of crime'.
Apple Seeks White House Approval to Buy Chips from Blacklisted Chinese Company
Apple is pressing the White House for approval to purchase memory chips from a blacklisted Chinese company in an effort to control chip costs, according to a Financial Times report on Saturday.
UAE Official Hails Lebanon-Israel Framework as Positive Step for Sovereignty
Anwar Gargash, a senior UAE official, described the U.S.-sponsored framework agreement between Lebanon and Israel as an important step toward restoring Lebanon's full sovereignty over its territories.
Budanov: Russia Recruits Ukrainian Agents for $300, Driven by Economics
Ukraine's intelligence chief Kyrylo Budanov stated that Russia's recruitment of agents inside Ukraine is motivated almost entirely by economic hardship, not ideology. He described the targets as 'the $300 people,' referring to the standard recruitment price.
Apple and Micron Clash Over AI-Driven Memory Shortage, Price Hikes
Apple raised Mac and iPad prices by $100-$300 due to memory cost spikes, which Tim Cook called unavoidable. Micron's Sumit Sadana countered that past low pricing left suppliers unable to invest, leading to the current shortage.
Iran Accuses IAEA Chief of Hostility, Threatens Inspection Ban
Iranian official Mohseni Sani accused the IAEA director general of hostile conduct and said Iran's law requires suspending cooperation, barring agency inspections at disputed sites.
Iran Maintains IAEA Cooperation Stance Until Demands Met
A member of Iran's parliamentary National Security Committee said the country will not change its current level of cooperation with the IAEA until talks reach a final stage and Tehran's demands are met.
US Pentagon Delayed Iran Strike Announcement Until After Market Close
The US Pentagon deliberately waited until after the stock market closed at 4 PM ET on Friday to publicly announce strikes on Iran, according to NBC News, citing a desire to reduce the immediate impact on financial markets.
Iranian Lawmaker Nabavian Says US Strikes Violated Memorandum, Demands Response
Iranian lawmaker Mahmoud Nabavian stated that US strikes on targets in southern Iran on Friday violated a bilateral memorandum of understanding, and called for a firm response from Iranian negotiators.