Crash

• South Korea's Kospi index experienced a sharp crash, sparking concerns about potential global market contagion and spillover effects. • Financial experts suggest the impact on Indian markets will be minimal, noting that India is less at risk compared to other Asian economies. • A key reason for this resilience is the divergent performance in 2026, where markets in Korea and Taiwan soared while the Nifty fell, leaving Indian valuations less stretched.

• Asian markets saw a sharp decline on Monday, with South Korea's Kospi crashing 3% at the open and Japan's Nikkei 225 falling 1% due to escalating US-Iran tensions. • In contrast to the broader crash, Japan's Topix index managed a slight advance of 0.43%. • Market focus is shifting toward South Korea, where Samsung Electronics and SK Group are expected to announce major investment plans aligned with new government policies.

• Chinese hedge funds have issued warnings that the artificial intelligence sector may be entering a "super bubble," signaling a high risk of a major market crash. • Analysts suggest that if a market correction occurs, some AI-related stocks could experience drastic price drops of up to 80%. • This caution stems from a growing divergence between the rapid appreciation of stock prices and the actual underlying value of the technology.

Five pairs of students and instructors dead along with pilot after plane reportedly fell suddenly near aerodromeA skydiving plane has crashed in north-eastern France, killing all 11 people on board, according to the region’s prefect.The parachuting-school plane crashed near Nancy at 11am, said Yves Séguy, the prefect of the Meurthe-et-Moselle region. Continue reading...

• Tech firms and investors are continuing to pour capital into artificial intelligence despite growing concerns that the sector is in a bubble heading toward a crash. • While some signs of waning appetite appeared early in the year, many of the "Magnificent Seven" tech giants have resorted to borrowing to sustain their AI investments. • This trend is driven by massive current profits and a "fear of missing out" (FOMO) among investors who are desperate to avoid being left behind.

• The South Korean Kospi index crashed over 16% during the week of June 23, including a single-day plunge of 10% that marked one of its steepest declines on record. • Market strategist Homin Lee of Lombard Odier attributes the volatility to rumors regarding IPO delays in the United States and price hikes implemented by Apple. • The severity of the crash was significant enough to trigger trading halts, reflecting extreme instability in the regional equity market.

• US stock markets ended the session mixed, with the Dow Jones Industrial Average surging while the Nasdaq slipped due to price drops in tech giants Apple and Microsoft. • Gains in the financials, industrials, and healthcare sectors—led by Caterpillar, JPMorgan Chase, and UnitedHealth—helped offset losses in the technology sector. • Investors remain cautious due to inflation concerns, rising natural gas prices, and shifts in electric vehicle policy, though optimism persists regarding overall economic growth.

Driver told authorities he had driver-assistance technology engaged before crash that killed 76-year-old Martha AvilaThe US government has opened a second federal investigation into a recent crash of a Tesla that reportedly had driver-assistance technology engaged, struck a Texas home and killed a resident.Meanwhile, the family of Martha Avila, the 76-year-old resident who was killed, has sued over the wreck. Continue reading...

Interim report says other train it hit had halted on line because warning system wrongly caused it to brakeThe train whose driver died in the Bedford rail crash passed a danger signal and was not automatically stopped – while the train it hit had halted on the line because its warning system had wrongly caused it to brake, investigators believe.An initial report by the Rail Accident Investigation Branch into the crash, which killed a train driver and injured more than 100 people, said it was not yet clear whether the train’s automatic warning system alerted the driver of the southbound Luton airport express from Corby that he had passed a red signal. Continue reading...

• Global technology stocks faced a severe sell-off on Tuesday, led by South Korea's Kospi index, which crashed 10% to close at 8,203 from a previous 9,114. • Major semiconductor firms Samsung and SK Hynix slumped, contributing to the downturn alongside declines in Japan's Nikkei 225 and the Nasdaq. • The rout is driven by widespread profit booking, signaling a deepening correction in the global tech sector.

• US stock futures, including the S&P 500 and Nasdaq, plunged as much as 2.5% on Tuesday following a massive sell-off in technology shares. • The downturn was triggered by a sharp 10% crash in South Korea's benchmark Kospi index, signaling a contagion of selling pressure across Asian and US markets. • This volatility raises critical concerns regarding the sustainability of the recent AI-driven rally that had previously pushed tech valuations higher.

The vehicle was using an automated driving feature at high speed and killed a 76-year-old woman standing in the homeSign up for the Breaking News US newsletter emailThe top US auto regulator opened an investigation on Monday after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside.The National Highway Traffic Safety Administration (NHTSA) said it’s opening a special investigation into the Tesla Model 3 crash on Friday near Houston, a significant investigation because the car was using technology that Elon Musk considers key to his company’s future. Continue reading...

Prominent Florida real estate broker found not guilty by Miami jury of manslaughter and felony vessel homicideThe family of a teenager left with a permanent disability from a birthday party boat crash that killed another girl has reacted with dismay at the acquittal of the prominent Florida real estate broker helming the vessel.George Pino was found not guilty by a Miami jury on Monday evening of manslaughter and felony vessel homicide after the 4 September 2022 boat wreck during a celebration that he and his wife, Cecilia, were hosting for their daughter’s 18th birthday, with 11 of her friends as guests. Continue reading...

Injuries reported as bus is said to have flipped on to its side after collision on roundabout on outskirts of KidwellyPolice have declared a major incident after a bus crash in west Wales.Dyfed-Powys police said on Tuesday afternoon there had been a collision involving a bus on a roundabout on the A484 on the outskirts of Kidwelly, in Carmarthenshire. Continue reading...

• Asian markets plummeted on Tuesday, highlighted by South Korea's KOSPI index falling nearly 10% and triggering a trading halt. • The crash was driven by tech sector profit-taking, fears of U.S. interest rate hikes, and reports that SK Hynix is scaling back its HBM4 expansion. • The downturn extended to major firms like Alphabet and SpaceX, while S&P 500 Futures dipped 1%, suggesting further losses for Wall Street.

• South Korea’s KOSPI index plummeted 8% on Tuesday, triggering a circuit breaker that halted trading for 20 minutes. • Major technology stocks led the decline, with SK Hynix falling over 10% and Samsung Electronics dropping 7.5% intraday. • The crash was driven by a selloff in US megacap technology shares that spilled over into Asian AI-related stocks, coinciding with a 1.9% drop in Nasdaq 100 futures.

• Indian stock markets crashed, wiping out over ₹4 trillion in investor wealth and reducing the total BSE market capitalization to ₹475.08 trillion. • The downturn was triggered by weak global cues, specifically a 10% plunge in South Korea's KOSPI index, alongside F&O expiry pressures. • Sectoral losses were led by Nifty Metal (-3.2%) and Nifty IT (-1.2%), while the India VIX spiked 8.5% to 13.94, signaling high market volatility.

• South Korea's KOSPI benchmark crashed over 8%, triggering a regional domino effect that saw Japan's Nikkei fall 3% and Taiwan's markets retreat. • The sell-off was driven by an "AI trade unwind," as investors rotated out of major technology stocks due to concerns over stretched valuations and rising AI spending. • Other regional markets were impacted, with Hong Kong's Hang Seng Index slipping 0.4% to 23,678 and India's Nifty 50 remaining flat as foreign institutional investors paused emerging market allocations.

Texas man using ‘automated driving assistance system’ crashed into house and Connecticut man drove into pool while trying to parkSeparate crashes in Texas and Connecticut involving Tesla electric vehicles left a woman dead when a car barreled into a house; and a driver rescued after plunging into a municipal swimming pool.A doorbell video camera captured the Friday night episode in Katy, Texas. Authorities said 76-year-old Martha Avila Mantilla was standing in the front room of a relative’s home when the Tesla Model 3 car crashed at speed into the residence. Continue reading...

Engineers need to create access for cranes to lift carriages from site before track can be assessed and repairedMajor disruption on the rail line between Bedford and Luton will continue for at least a week after the collision of two trains which killed a train driver and injured 100 people.In a statement setting out the effects on some services until 28 June, Network Rail said the disaster had been a “tragic, isolated incident”. Continue reading...

Teacher Brett Byatt was onboard crash which kills driver, injures 89 people and leaves 33 needing hospital treatmentTwo trains collide near BedfordA survivor of the Bedford train crash has told how bodies were flung across the carriages, leaving people with broken bones and deep wounds after the rush hour collision on Friday night.Brett Byatt, a teacher from Bedford, was onboard the East Midlands railway (EMR) service which rammed into another slower travelling train resulting in a crash which killed the driver, left 89 with injuries and 33 needing urgent hospital treatment. Continue reading...

Marine veteran James Brown rescued a driver with a piece of metal lodged in his legA US military veteran and trucker recently used his battlefield medical training to save the life of a fellow truck driver whose leg was impaled by a piece of metal after a crash, earning him official recognition as an “angel” of the nation’s highways.As the organization honoring him tells it, James Brown was driving for Tulsa, Oklahoma-based Melton Truck Lines through torrential rain – as well as low visibility – on 22 May when he saw another trucker lose control, leave the roadway and overturn about 40 miles east of Little Rock, Arkansas. Continue reading...

Two payments of $50m will boost Ukraine’s air defence and munitions supply. Follow today’s news live• Get our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it’ll be Nick Visser with the main action.Jim Chalmers has defended the government’s changes to its controversial capital gains tax reforms and rejected claims it amounted to a backflip forced by business interests. More follows soon. Continue reading...

Victims include four airmen, a reservist and three civilians as inquiry into Edwards crash continuesSign up for the Breaking News US newsletter emailAir force officials have released the names of the eight men killed in this week’s fiery crash of a B-52 during a test flight at Edwards air force base in southern California.The deceased, whose identities had initially been withheld while the military notified next of kin, include four active-duty airmen, one reservist and three civilians, military officials said on Wednesday. Continue reading...

The jet, owned by Warren Buffett’s Berkshire Hathaway, lost contact with air traffic control and crashed in LaredoSign up for the Breaking News US newsletter emailA private jet carrying six people crashed on a highway in Laredo, Texas on Tuesday night, killing one person, local police said.Videos shared online by the Laredo police department showed the wreckage of the aircraft and firefighters working at the scene. Other footage, shared by the Associated Press, captured the immediate aftermath of the crash, with flames rising from the plane as police and others worked to pull people from it. Continue reading...

• Musician Oliver Tree, known for the hit "When I'm Down," died at age 32 following a helicopter crash. • Shortly before the accident, Tree revealed the specific details of his will, stating that his family would not receive any of his inheritance. • The revelation highlights a significant familial rift and ensures his estate will be distributed according to his specific wishes rather than to his relatives.

Bomber that crashed during test flight at Edwards air force base in California killed all eight crew membersThe investigation into a US air force bomber’s deadly crash during a test flight at a California base on Monday could take up to six months to complete, officials said.The Boeing B-52 Stratofortress, carrying eight people, crashed in a fiery explosion that sent up thick plumes of smoke at the Edwards air force base in the Mojave desert, about 100 miles (161km) north-east of Los Angeles. Continue reading...

A group of 12 people – nine skydivers, two tandem jumpers and a pilot – were killed in the weekend crash in ButlerA high school music teacher, a cancer survivor and a new father with two baby boys have been identified by family members as victims of a weekend skydiving plane crash in Missouri that killed 12 people.According to the Bates county department of emergency management, the aircraft, a Pacific Aerospace P750XL, was carrying nine experienced skydivers, two tandem jumpers and a pilot. Continue reading...