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Goldman’s Garrett Warns Investors Are Reducing Exposure to Mag 7 Stocks
Brian Garrett, head of equity execution on Goldman Sachs’s Cross Asset Sales desk, has been flagging the same signal for months, and the data behind it is now impossible to ignore. Goldman’s prime brokerage desk shows clients unwinding gross positions into all-time highs, with the largest weekly gross unwinding in seven months. Simultaneously, Goldman’s analysis…

Kospi Index Slides Nearly 8% as SK hynix Plunges 14% and Samsung Drops Over 9%
The Kospi Index dropped nearly 8% on July 2, 2026, marking one of its steepest daily declines this year as a sharp selloff hit South Korea’s semiconductor sector. SK hynix tumbled about 14%, while Samsung Electronics lost more than 9%, dragging the broader market lower. The decline came as investors reacted to growing concerns about…

AI Chip Stocks Extend Selloff as Micron, Western Digital Drop 2.1% Amid Meta Pivot Fears
AI chip stocks stayed under pressure on July 2, 2026, with Micron Technology and Western Digital each falling about 2.1%. The decline added to a wider selloff across semiconductor stocks after reports raised fresh questions about Meta’s long-term AI infrastructure plans. That prompted investors to rethink expectations for future spending on memory chips and AI…

Super Micro Reveals Taiwan Staff Questioned in AI Server Export Probe Involving Nvidia Chips
On July 2, 2026, Super Micro Computer confirmed that employees at its Taiwan unit were questioned as part of an investigation into AI server exports involving Nvidia chips. The company said it is cooperating with authorities and is not the primary focus of the probe. The investigation comes as governments tighten restrictions on advanced AI…

Trump Wealth Reaches New Heights Through Crypto Ventures and Digital Assets
Trump’s wealth has climbed sharply in 2026, driven largely by cryptocurrency. Forbes puts his net worth at $6.5 billion as of March 2026. That figure has nearly tripled since 2024, when it stood at $2.3 billion. Digital assets now sit at the center of this growth story. Crypto Now Drives Trump Wealth Crypto holdings account…

Kawasaki Heavy (TYO:7012) Shares Plunge 8.14% to ¥2,684, Hitting Five-Month Low on $1.23 Billion Fundraising Report
Kawasaki Heavy Industries (TYO:7012) shares fell more than 7% after a Reuters report said the company is finalizing plans to raise about 200 billion yen ($1.23 billion) through a combination of new shares and convertible bonds. The stock hit a five-month low as dilution concerns immediately overwhelmed what has been a strong fundamental story. What…

Tata Elxsi (NSE: TATAELXSI) and Tata Technologies Shares Fall Up to 6% as KPIT’s Weak Q1FY27 Outlook Weighs on Sentiment
On July 1, 2026, shares of Tata Elxsi and Tata Technologies dropped by up to 6% after KPIT Technologies issued a weaker-than-expected business outlook for Q1FY27. The update raised fresh concerns about slowing demand in the global automotive technology sector, especially from European carmakers. Although the Tata companies made no negative announcements of their own,…

KPIT Technologies Share Price Slides 15% to ₹570 After Weak Q1 FY27 Business Update
KPIT Technologies shares crashed to a fresh 52-week low on July 1, 2026. The stock hit ₹570.75 on the BSE, a 15% intraday decline from the previous session close of ₹671.45 after the Pune-based automotive software company issued a profit warning late on June 30, 2026. KPIT flagged a sudden revenue shortfall in Q1 FY27…

MCX Gold & Silver Crash: Gold Down 1%, Silver Sinks 2% as Dollar Strengthens
MCX Gold and MCX Silver tumbled sharply in early trade on July 1, 2026. MCX Gold dropped ₹1,416 to hit an intraday low of ₹1,41,115 per 10 grams, while MCX Silver crashed ₹5,662 to ₹2,22,901 per kg. The selloff tracked a steep decline in global bullion prices as a strengthening US dollar and hawkish Federal…