Slips

• Major US indices, including the Nasdaq and Dow, declined as oil prices rebounded amid renewed fighting between the US and Iran. • OpenAI CEO Sam Altman publicly criticized Elon Musk's proposal to establish data centers in space, highlighting tensions between the AI leaders. • Technology investors are shifting focus toward upcoming earnings reports from AI industry heavyweights ASML on Wednesday, followed by TSMC and Netflix on Thursday.

• South Korea's benchmark Kospi index plummeted nearly 9% on Monday, marking the steepest market sell-off the country has experienced in several months. • The crash was primarily driven by a sharp retreat in semiconductor shares and heightened investor panic stemming from mounting geopolitical tensions. • This "Black Monday" event highlights the extreme vulnerability of the Korean economy to global chip demand and regional instability.

• The Indian stock market experienced a sharp decline at the start of the week, with the Sensex falling 670 points and the Nifty slipping. • The downturn was triggered by escalating geopolitical tensions between the US and Iran, which led to a spike in global crude oil prices. • This trend mirrored severe losses across Asian markets, including Japan's Nikkei 225, which dropped 1,237.73 points, and South Korea's KOSPI, which fell 7.25%.

Estonia, Luxembourg and UK are the top three in biennial Yale University index in tackling pollution and other issuesMuch of the world has made encouraging strides in reducing toxic problems such as water and air pollution that have long plagued communities. But there is still a widespread lack of progress among countries in dealing with the climate crisis, according to the latest edition of an influential environmental scorecard.The biennial Yale University index again ranks Estonia as the best-performing of 177 assessed countries, after strong recent efforts to reduce its greenhouse gas emissions and protect its ecosystems. Luxembourg is second, and the UK is third, having moved up from fifth place in the 2024 index. Continue reading...

• Abbott Laboratories stock declined by 1.38% over the past week, closing at $94.12. • The price action indicates that sellers currently dominate the market, keeping the stock value below major moving averages. • This downward trend suggests a bearish sentiment among investors, as the stock struggles to find support above key technical levels.

• Asian stock markets rose, with the MSCI Asia Pacific Index climbing 0.3%, led primarily by gains in South Korean shares. • The rally follows a recovery in chipmaker stocks after a significant two-day rout last week, signaling a rebound in the technology sector. • Investors are now shifting their focus toward the Q2 earnings season to determine if heavy investments in AI infrastructure are generating actual profits.

• Asian stock markets rose, with the MSCI Asia Pacific Index climbing 0.3% as a rebound in technology stocks continued to support regional growth. • South Korea saw the strongest performance, with the benchmark Kospi index increasing by 1.8%. • The positive momentum was broad-based, with more than two shares rising for every one that declined across the region.