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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 Below $61K as Strategy Sells, Hedge Funds Flee
Bitcoin drops to $60,912, down 4.2% daily. MicroStrategy sale and AI rotation drive $62 billion loss in crypto treasury holdings.

HSBC Faces €80M Bond Over Lebanon Money Laundering Case, June 06
HSBC faces formal charges in France for allegedly helping Lebanon’s central bank chief launder USD 330 million, ordered to post 80 million euro bond.

Hong Kong Creates Tokenised Bond Expert Group, June 06
HKMA launches Tokenised Bond Expert Group to advance digital bond adoption in Hong Kong with industry partners and green tokenised bonds.

Wall St Futures Mixed as Dow Rises 61 Points While Nasdaq 100 Drops 1.0% Ahead of Payrolls
Wall Street futures traded mixed on Friday as investors stayed cautious ahead of the crucial U.S. jobs data. The overall tone on Wall St was defensive, with investors balancing strong recent gains against rising uncertainty over interest rates. Dow Jones futures rose about 61 points, showing mild strength in industrial and value stocks. At the…

US Bond Market Braces for Jobs Data as 10-Year Yield Drops to 4.47%, June 05
US 10-year Treasury yield drops to 4.47% as traders await May jobs data that could trigger bond rally and rate-cut bets.

Broadcom Stock Crashes 12% on Weak AI Forecast, June 05
Broadcom stock fell 12% after Q2 earnings beat but AI chip guidance disappointed investors, causing a $300B market cap loss.

Banks Break the Trend: ANZ and Macquarie Cut Fixed Mortgage Rates
Australia’s home loan market delivered a surprise on June 5, with ANZ and Macquarie lowering selected fixed Mortgage Rates despite months of increases across the banking sector. The move comes as borrowers continue to face elevated borrowing costs and uncertainty over the next Reserve Bank of Australia (RBA) decision. For homeowners, investors, and refinancers, the…

Oil Prices Face Pressure as Middle East Ceasefire Hopes Rise, June 05
Brent crude falls to $96.32 USD as Israel-Lebanon ceasefire talks ease Middle East tensions, despite oil reserve depletion concerns.