Summary of last week's international markets
Closing on June 27: The three major US stock indices closed lower, with chip stocks leading the decline. Western Digital Corp (NASDAQ: WDC) plunged 13%, while Micron Technology Inc (NASDAQ: MU) fell over 6%.
The top 20 US stocks by trading volume on June 27: Micron Technology Inc (NASDAQ: MU) dropped over 6% as chip stocks continued their slide.
Most popular US-listed Chinese stocks rose on June 27, with NetEase Inc (NASDAQ: NTES) gaining over 7% and PDD Holdings Inc (NASDAQ: PDD) up more than 4%.
Commodities review: Oil prices fell, aluminum prices declined for a fourth consecutive week, while gold prices moved higher.
European markets retreated from record highs as concerns over technology stocks resurfaced.
Macroeconomic Developments
A US official stated that the US and Iran plan to hold talks in Qatar's capital on the 30th.
An Iranian official announced that Iran will be absent from the US-Iran technical negotiations on the 28th due to the impact of an attack incident.
The Israeli Prime Minister and Defense Minister issued a joint statement, indicating the Israeli military will continue to be stationed in the "security zone" in southern Lebanon.
The leading candidate for the UK's next Prime Minister, Andy Burnham, unveiled a devolution plan aimed at reducing the centralized power of London.
Russian President Vladimir Putin proposed that both Ukraine and Russia cease strikes on each other's deep territorial targets.
Pakistan's military conducted counter-terrorism operations along the border, resulting in the deaths of 29 militants.
Corporate News
Following US restrictions on AI access for certain countries, Austria urged Europe to adopt the model of Anthropic.
Memory chip shortages are impacting Apple Inc (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT), but for smaller businesses, the situation constitutes a "survival crisis."
Firmus Technologies Ltd (ASX: FMS) of Australia entered into an artificial intelligence cooperation agreement with NVIDIA Corporation (NASDAQ: NVDA).
South Korea is set to announce several major projects involving Samsung Group and SK Group on Monday.
Alphabet Inc's (NASDAQ: GOOGL) Google has limited the usage of Meta Platforms Inc's (NASDAQ: META) Gemini AI, as surging demand for AI has strained capacity.
A report indicates that PIMCO is targeting private transactions in the public markets.
Recent price increases for the Apple iPad and Microsoft Xbox reflect the pain of memory chip shortages.
Total online consumer spending during Amazon.com Inc's (NASDAQ: AMZN) Prime Day exceeded Adobe Inc's (NASDAQ: ADBE) expectations.
Commentary and Statements
The US Secretary of Homeland Security stated that immigrants with temporary status should seek permanent residency or leave the country.
The Israeli military stated it will continue operations within the "security zone" in southern Lebanon in accordance with the ceasefire agreement.
President Putin asserted that Russia will resolutely defend its fundamental interests.
Europe has recorded over 1,300 excess deaths related to high temperatures.
Iran's Foreign Minister declared that the management and restoration of traffic in the Strait of Hormuz is solely Iran's responsibility.
The US military launched a new round of strikes on Iranian targets, with both sides accusing the other of violating the ceasefire agreement after weekend clashes.
A US official reported that Iran launched missiles and drones towards Bahrain and Kuwait.
The US conducted a new round of airstrikes against Iran following an attack on a second ship.
The US military carried out another round of strikes after Iran attacked a commercial ship again.
Former US President Donald Trump nominated an Oklahoma law enforcement official to head US Immigration and Customs Enforcement (ICE).
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