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Chip Index Crashes 10.3% on Broadcom Shock, June 07
Philadelphia Semiconductor Index crashes 10.3%, worst day since 2020. Broadcom earnings miss triggers $1.3 trillion chip stock selloff.
SpaceX IPO at $135 Per Share: Bybit Opens Crypto Access, June 07
SpaceX IPO priced at $135/share. Bybit’s IPO Express gives retail investors tokenized access to SpaceX shares at the offering price.
South Korea Eyes Canada Submarine Deal with CAD $3.1B Hydrogen Plan, June 07
HD Hyundai expands Canada submarine bid with CAD $3.1B hydrogen truck ecosystem, oil refining, and mining projects. Decision due by end of June 2026.
VIX Spikes 40% as Chip Stocks Crash $1.3 Trillion, June 07
VIX surges 40% as semiconductor stocks plunge $1.3 trillion amid Fed rate hike concerns and weak tech guidance.
S&P 500 Falls 2.6% on Tech Sell-Off, Jobs Data Spark Rate Hike Bets, June 07
S&P 500 plunges 2.6% on tech sell-off and strong jobs report. Nasdaq falls 4.2%. Micron drops 13%. Fed rate hike odds rise above 60% by year-end.
Samoa Opens Jerusalem Embassy in 2026, Joins Pacific Diplomacy Shift
Samoa to open Jerusalem embassy in 2026, joining Fiji and Papua New Guinea in strengthening diplomatic ties with Israel.
Aberdeen Scientists Develop Fast Field-Cycling Scanner for Cancer Detection
Aberdeen researchers develop Fast Field-Cycling Imaging scanner to detect cancer and brain disease more accurately than MRI.
China’s CSRC Warns Against Fund Speculation as Markets Tumble, June 07
CSRC warns fund industry against speculation as $1.3 trillion chip selloff roils global markets. Regulator tightens oversight of private funds.
Hong Kong Charity Drive Hits Milestone: Cathay Doubles Donations, June 07
Community Chest’s 21st matching campaign triples donations with Cathay Pacific and Li Ka-Shing Foundation support for emergency relief.