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O. Panneerselvam Withdraws Legal Cases Against AIADMK Rival, June 06
O. Panneerselvam withdraws court cases against Edappadi K. Palaniswami, signaling AIADMK reconciliation amid new Tamil Nadu political challengers.
HSBC Stock Falls 3.1% as Hong Kong Shares Weaken, June 06
HSBC stock fell 3.1% to HK$141.80. The bank offers 10% deposit rates, with Meyka rating it B+ and targeting HK$169.38 in 12 months.
USD/JPY Hits 160 as US Jobs Data Stokes Rate Hike Bets, June 06
USD/JPY surges above 160 after US jobs beat forecasts. Fed rate hike odds rise amid yen weakness and Japanese intervention warnings.
Ethereum USD Drops 11% Daily: ETHUSD at $1,571 Support
ETHUSD falls 11.04% today to $1,571. RSI oversold at 15.4, strong downtrend with ADX 35.3. Forecast targets $2,507 monthly.
Saudi Arabia Opens New Red Sea Shipping Route to India, June 06
Saudi Arabia launches SRS shipping service from Jeddah to India’s Mundra Port with 2,144 TEU capacity, supporting Red Sea trade growth.
Bitcoin USD Crashes 4.38% Daily: BTCUSD Tests $61K Support
Bitcoin USD drops 4.38% to $60,970. BTCUSD tests key support as RSI signals oversold conditions and institutional pressure mounts.
Bitcoin Crashes Below $61K as AI Capital Rotation Deepens, June 06
Bitcoin drops to $60,970 USD amid 4.1% daily decline and $3.45B in ETF outflows driven by AI capital rotation.
Nasdaq Falls 4.2% on Chip Selloff, Worst Day Since April 2025
Nasdaq falls 4.2% to 25,709 as chip stocks plunge on strong jobs data and rate hike fears. Broadcom and Micron lead declines.
Bitcoin Crashes to $60,922 as Worst Week Since 2022 Deepens
Bitcoin drops to $60,922 in worst week since 2022, down 14% weekly and 30% year-to-date as capital rotates to AI and IPOs.