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Hegseth Calls for 3.5% Defense Spending, China Skips Dialogue, June 06
Hegseth urges Asian allies to increase defense spending to 3.5% of GDP at Shangri-La Dialogue amid China’s absence.
Nagasaki Museum Updates Displays on Japanese Invasion, June 06
Nagasaki Atomic Bomb Museum updates war history displays with revised language on Japanese military actions, completing updates by August 2026.
Hong Kong Seizes 52.8M Illicit Cigarettes Worth $238M, June 06
Hong Kong Customs seizes 52.8 million illicit cigarettes worth $238 million in two large sea smuggling cases from May 19-28, 2026.
China Coast Guard Clashes With Taiwan Near Pratas Islands, June 06
Taiwan coast guard clashes with China near Pratas Islands. Japan and Philippines deepen defense partnership amid rising maritime tensions.
Xi Visits North Korea June 8-9, First Trip Since 2019
Xi Jinping visits North Korea June 8-9, his first trip since 2019, as China reinforces ties amid North Korea’s military cooperation with Russia.
PayPay Stock Falls 10.6% on T&D Insurance Acquisition Deal, June 06
PayPay acquires 70.2% stake in T&D Financial Life Insurance, expanding into life insurance with SoftBank’s AI technology backing.
Vingroup Stock Surges 1,000% as Vietnam Market Boom Tests Valuations
Vingroup stock surges 1,000% to become Vietnam’s largest company, but 70x forward P/E valuation raises analyst concerns about sustainability.
Japan Backs Rapidus With $943M as 2nm Chip Push Accelerates, June 05
Japan invests $943M in Rapidus for 2-nanometer chip production by 2027, bringing total government backing to $1.8B for semiconductor sovereignty.
Lululemon Stock Target Cut by UBS as EPS Guidance Falls to $10.95–$11.15
Lululemon Stock is under strong pressure after a fresh wave of analyst revisions and weak forward guidance. UBS has cut its price target following a sharp downward revision in earnings expectations. The biggest concern for investors is simple. The company now expects full-year EPS between $10.95 and $11.15, down from earlier forecasts that were significantly…