BigBreakingWire
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BigBreakingWire
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🇺🇸 Trump signed two executive orders to accelerate U.S. quantum computing, targeting a research-capable quantum computer by 2028 and stronger defenses against future quantum encryption threats.
A Nature study unveiled a new quantum sensor that cancels background noise, enabling detection of extremely weak signals and potential new gravitational-wave sources.
SandboxAQ received $500M in CHIPS Act funding for semiconductor materials research. The NVIDIA-backed firm was valued at $5.75B in April 2025 and has raised over $1B.
A Nature study unveiled a new quantum sensor that cancels background noise, enabling detection of extremely weak signals and potential new gravitational-wave sources.
SandboxAQ received $500M in CHIPS Act funding for semiconductor materials research. The NVIDIA-backed firm was valued at $5.75B in April 2025 and has raised over $1B.
🚨 Global stock market crash deepened across Asia, with South Korea's KOSPI plunging over 9%, Japan's Nikkei falling more than 3%, Hong Kong's Hang Seng Tech Index dropping over 3% and China's ChiNext Index sliding more than 4%.
Chip stocks led losses as Samsung fell 7.4%, SK Hynix dropped 10.1%, SoftBank tumbled nearly 10% and Kioxia sank 14%.
Bitcoin slipped below $63,000, triggering a sharp crypto selloff with more than $150 million in long positions liquidated within 15 minutes.
Chip stocks led losses as Samsung fell 7.4%, SK Hynix dropped 10.1%, SoftBank tumbled nearly 10% and Kioxia sank 14%.
Bitcoin slipped below $63,000, triggering a sharp crypto selloff with more than $150 million in long positions liquidated within 15 minutes.
🚨 MSCI Asia Pacific Index fell 3% to 277.27 points.
Japan's tech stocks slumped, with Kioxia down 14% and SoftBank Group falling nearly 10%.
•South Korea's KOSPI dropped over 9% intraday to 8,300 points.
•China's Shenzhen Component Index fell over 3%; Defu Technology plunged 14%+, Tongguan Copper Foil lost 11%+, while FTSE China A50 futures declined more than 3%.
Japan's tech stocks slumped, with Kioxia down 14% and SoftBank Group falling nearly 10%.
•South Korea's KOSPI dropped over 9% intraday to 8,300 points.
•China's Shenzhen Component Index fell over 3%; Defu Technology plunged 14%+, Tongguan Copper Foil lost 11%+, while FTSE China A50 futures declined more than 3%.
BigBreakingWire
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🚨 Global markets weakened sharply, with European futures falling over 1%, Nasdaq-100 futures down 1.8%, and S&P 500 futures losing nearly 1%. Hong Kong's Hang Seng Tech Index dropped more than 3%, while Japan's Nikkei 225 slid nearly 3% intraday. South Korea also removed the KOSPI circuit-breaker mechanism.
🚨 Global markets weakened sharply, with European futures falling over 1%, Nasdaq-100 futures down 1.8%, and S&P 500 futures losing nearly 1%. Hong Kong's Hang Seng Tech Index dropped more than 3%, while Japan's Nikkei 225 slid nearly 3% intraday. South Korea also removed the KOSPI circuit-breaker mechanism.
🇮🇳 India's U.S. LPG Imports Hit Record High Amid Middle East Supply Disruptions
India likely to import over 1 million tonnes of U.S. LPG in June, a record high.
Middle East supplied nearly 90% of India's LPG before the U.S.-Iran conflict and Hormuz disruptions.
Refiners increased U.S. purchases and paid record premiums to secure cooking gas supplies.
Any easing of Strait of Hormuz disruptions could boost Middle East supplies and lower LPG costs.
Source: Reuters.
India likely to import over 1 million tonnes of U.S. LPG in June, a record high.
Middle East supplied nearly 90% of India's LPG before the U.S.-Iran conflict and Hormuz disruptions.
Refiners increased U.S. purchases and paid record premiums to secure cooking gas supplies.
Any easing of Strait of Hormuz disruptions could boost Middle East supplies and lower LPG costs.
Source: Reuters.
Partly True
South Korea's KOSPI index dropped 7% to 8,475.26. SK Hynix fell nearly 10%. Samsung Electronics declined nearly 7%.
BigBreakingWire
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🇰🇷 South Korea Stocks Slide Sharply
Samsung Electronics and SK Hynix plunged more than 5% as investors took profits after recent gains.
KOSPI and KOSDAQ triggered circuit breakers, halting automated trading for 5 minutes.
Foreign investors sold over 2 trillion won ($1.3B) worth of KOSPI stocks, while retail traders bought the dip.
Analysts say high retail leverage and elevated margin debt may be amplifying market declines.
Samsung Electronics and SK Hynix plunged more than 5% as investors took profits after recent gains.
KOSPI and KOSDAQ triggered circuit breakers, halting automated trading for 5 minutes.
Foreign investors sold over 2 trillion won ($1.3B) worth of KOSPI stocks, while retail traders bought the dip.
Analysts say high retail leverage and elevated margin debt may be amplifying market declines.
🚨 Tata Electronics Hit by Cybersecurity Breach
Tata Electronics confirmed it detected a recent cybersecurity incident; operations remain unaffected.
Ransomware group World Leaks allegedly posted over 200,000 files on the dark web, including purported Apple and Tesla design/specification documents.
Apple is investigating the breach, while sources say Tata received a ransom demand linked to the incident.
The incident adds to challenges for Apple's India supply chain, with Tata already facing scrutiny over alleged farmland contamination near an iPhone parts facility.
Source: Reuters.
Tata Electronics confirmed it detected a recent cybersecurity incident; operations remain unaffected.
Ransomware group World Leaks allegedly posted over 200,000 files on the dark web, including purported Apple and Tesla design/specification documents.
Apple is investigating the breach, while sources say Tata received a ransom demand linked to the incident.
The incident adds to challenges for Apple's India supply chain, with Tata already facing scrutiny over alleged farmland contamination near an iPhone parts facility.
Source: Reuters.
Partly True
🇰🇷 South Korea Stocks Slide Sharply
Samsung Electronics and SK Hynix plunged more than 5% as investors took profits after recent gains.
KOSPI and KOSDAQ triggered circuit breakers, halting automated trading for 5 minutes.
Foreign investors sold over 2 trillion won ($1.3B) worth of KOSPI stocks, while retail traders bought the dip.
Analysts say high retail leverage and elevated margin debt may be amplifying market declines.
Samsung Electronics and SK Hynix plunged more than 5% as investors took profits after recent gains.
KOSPI and KOSDAQ triggered circuit breakers, halting automated trading for 5 minutes.
Foreign investors sold over 2 trillion won ($1.3B) worth of KOSPI stocks, while retail traders bought the dip.
Analysts say high retail leverage and elevated margin debt may be amplifying market declines.
🚨 Morgan Stanley's Mike Wilson says shrinking liquidity, not rate hikes, is the biggest near-term risk for U.S. stocks. He expects volatility and a possible pullback in July as market liquidity tightens.
SpaceX signed a compute deal with Reflection AI worth up to $6.3B, giving the startup access to NVIDIA GB300 chips through Colossus. Reflection will pay $150M per month through 2029.
Alphabet shares fell about 5% after DeepMind VP John Jumper said he is leaving for Anthropic, following Noam Shazeer's move to OpenAI and raising fresh concerns over AI talent retention.
SpaceX signed a compute deal with Reflection AI worth up to $6.3B, giving the startup access to NVIDIA GB300 chips through Colossus. Reflection will pay $150M per month through 2029.
Alphabet shares fell about 5% after DeepMind VP John Jumper said he is leaving for Anthropic, following Noam Shazeer's move to OpenAI and raising fresh concerns over AI talent retention.
Trump: “Iran will agree to major weapons inspections to ensure ‘NUCLEAR HONESTY’ long into the future.”
Alphabet shares fell sharply on Monday after DeepMind Vice President John Jumper said he is leaving the company to join Anthropic.
The stock dropped as much as 7.2% during trading, marking its biggest intraday decline since February. The fall also came as large technology stocks faced broader selling pressure.
Jumper is a key figure in Google's AI efforts and played an important role in developing advanced AI systems at DeepMind.
His departure follows the recent exit of senior researcher Noam Shazeer, who joined OpenAI last week. Jumper was awarded the 2024 Nobel Prize in Chemistry for his AI-related scientific research.
The stock dropped as much as 7.2% during trading, marking its biggest intraday decline since February. The fall also came as large technology stocks faced broader selling pressure.
Jumper is a key figure in Google's AI efforts and played an important role in developing advanced AI systems at DeepMind.
His departure follows the recent exit of senior researcher Noam Shazeer, who joined OpenAI last week. Jumper was awarded the 2024 Nobel Prize in Chemistry for his AI-related scientific research.
🇺🇸 DOE data show SPR crude stocks at 331.2 million barrels, the lowest since June 1983. Inventories dropped 9.05 million barrels last week, the third-largest weekly draw on record, as part of a plan to release 172 million barrels from the reserve.
$SPCX || SpaceX has signed a compute deal with Reflection AI, according to documents reviewed by CNBC.
Reflection AI will get immediate access to NVIDIA GB300 chips through Elon Musk's Colossus compute infrastructure.
Reflection AI will pay SpaceX $150 million per month starting July 1, 2026.
The agreement runs through 2029 and could be worth about $6.3 billion in total payments if fully executed.
Either party can terminate the contract after three months from the effective date with 90 days' notice.
#SpaceXPremarketFalls4.6%
Reflection AI will get immediate access to NVIDIA GB300 chips through Elon Musk's Colossus compute infrastructure.
Reflection AI will pay SpaceX $150 million per month starting July 1, 2026.
The agreement runs through 2029 and could be worth about $6.3 billion in total payments if fully executed.
Either party can terminate the contract after three months from the effective date with 90 days' notice.
#SpaceXPremarketFalls4.6%
🇮🇳⚡RBI: India's crude oil basket prices remain elevated; CPI inflation stayed stable despite a pickup in May.
RBI says if the southwest monsoon unfolds as expected, it could influence domestic growth and the inflation outlook.
RBI notes that while a temporary US-Iran peace agreement has eased tensions, the global economic outlook remains fragile.
RBI net sold $8.944 billion in FX markets in April; India's gold reserves stood unchanged at 880.52 tonnes as of May 29.
RBI says if the southwest monsoon unfolds as expected, it could influence domestic growth and the inflation outlook.
RBI notes that while a temporary US-Iran peace agreement has eased tensions, the global economic outlook remains fragile.
RBI net sold $8.944 billion in FX markets in April; India's gold reserves stood unchanged at 880.52 tonnes as of May 29.
Strategy sold 2.71 million MSTR shares between June 15 and June 21, generating $335.5 million in net proceeds via its ATM program.
The company used part of the proceeds to acquire 520 BTC for $34.9 million at an average price of $67,068.
As of June 21, Strategy held 847,363 BTC acquired for $64.1 billion at an average cost of $75,651 per bitcoin, and its USD Reserve increased to $1.4 billion.
The company used part of the proceeds to acquire 520 BTC for $34.9 million at an average price of $67,068.
As of June 21, Strategy held 847,363 BTC acquired for $64.1 billion at an average cost of $75,651 per bitcoin, and its USD Reserve increased to $1.4 billion.
Apple CEO Tim Cook said iPhone price hikes are becoming "unavoidable" due to a global memory chip shortage, which he described as a “hundred-year flood.”
AI data center demand has pushed memory chip prices up more than sixfold in the past year, increasing costs for suppliers like Micron Technology, Samsung Electronics, and SK Hynix.
Bloomberg's Mark Gurman says Apple price increases are "fairly imminent," with the iPhone 18 Pro potentially rising to $1,299 and changes possibly coming as early as next week.
AI data center demand has pushed memory chip prices up more than sixfold in the past year, increasing costs for suppliers like Micron Technology, Samsung Electronics, and SK Hynix.
Bloomberg's Mark Gurman says Apple price increases are "fairly imminent," with the iPhone 18 Pro potentially rising to $1,299 and changes possibly coming as early as next week.
🇮🇳 Foreign Banks Ramp Up India ABS Exposure, Buying Estimated $5.6 Billion of Bonds
India's asset-backed securities (ABS) issuance reached a record ₹1.53 trillion ($16 billion) in the fiscal year ended March.
Foreign banks increased their share of total bond issuance to ~35%, up from 28% and 30% in the previous two fiscal years.
At current issuance levels, overseas lenders bought an estimated $5.6 billion worth of ABS securities.
Major foreign buyers reportedly included Barclays, Citigroup, JPMorgan Chase and Standard Chartered, highlighting rising global interest in India's fast-growing economy.
India's asset-backed securities (ABS) issuance reached a record ₹1.53 trillion ($16 billion) in the fiscal year ended March.
Foreign banks increased their share of total bond issuance to ~35%, up from 28% and 30% in the previous two fiscal years.
At current issuance levels, overseas lenders bought an estimated $5.6 billion worth of ABS securities.
Major foreign buyers reportedly included Barclays, Citigroup, JPMorgan Chase and Standard Chartered, highlighting rising global interest in India's fast-growing economy.
⚡Bitcoin ETFs See Record $6.35B Outflow Streak
Spot Bitcoin ETFs saw $6.35B net outflows over 30 trading days, the worst withdrawal streak among 582 tracked 30-day periods since launch in Jan 2024.
ETFs recorded 6 straight weeks of outflows, cutting cumulative net inflows to $53.4B from a $63B peak in Oct 2025.
Bitcoin traded near $64,000, down about 17% during the period, while the Fear & Greed Index fell to 23 (Extreme Fear.
Spot Bitcoin ETFs saw $6.35B net outflows over 30 trading days, the worst withdrawal streak among 582 tracked 30-day periods since launch in Jan 2024.
ETFs recorded 6 straight weeks of outflows, cutting cumulative net inflows to $53.4B from a $63B peak in Oct 2025.
Bitcoin traded near $64,000, down about 17% during the period, while the Fear & Greed Index fell to 23 (Extreme Fear.
Trump warned Iran over the Strait of Hormuz, saying the U.S. could step in as its "guardian," collect tolls from ships, and potentially take a share of the oil passing through the vital waterway. He said Iran would face severe consequences if it tried to shut the strait.
In a Truth Social post, Trump also warned Iran to restrain the groups it backs in Lebanon, saying further attacks could trigger even stronger U.S. military action than last week's strikes. Meanwhile, JD Vance said the U.S. is working with regional partners to advance broader peace across the Middle East.
In a Truth Social post, Trump also warned Iran to restrain the groups it backs in Lebanon, saying further attacks could trigger even stronger U.S. military action than last week's strikes. Meanwhile, JD Vance said the U.S. is working with regional partners to advance broader peace across the Middle East.
Trump: "Our Country is doing GREAT... Record Jobs Numbers and Stock Market, BEST ECONOMY EVER... We are WINNING LIKE NEVER BEFORE."
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