Daily Open

• A global sell-off in technology stocks continues to rattle markets, with the decline spreading through Asia and Europe on Tuesday. • The volatility has extended to precious metals as investors reassess the potential trajectory of interest rates. • MSCI has maintained South Korea's status as an emerging market, stalling the country's efforts to be recognized as a developed market.

• The G7 is shifting its focus toward AI as the United States implements protectionist policies to restrict access to specific AI models. • In a separate development, Snap co-founder Spiegel debuted "Specs," the company's first augmented reality (AR) device designed for the general public rather than developers. • These moves signal a broader transition in how society interacts with computing, moving beyond the smartphone era that began with the iPhone nearly 20 years ago.

• The U.S. and Iran are reportedly nearing a peace deal that would effectively end their current conflict. • Key terms of the agreement include the reopening of the Strait of Hormuz and the lifting of the U.S. naval blockade. • This diplomatic breakthrough occurs as French President Emmanuel Macron leads the G7, focusing on reducing global inequality and easing geopolitical tensions.