Slumps

• The FTSE 100 index rose as investors reacted positively to the continued truce between the U.S. and Iran. • This market stability coincided with a slump in oil prices, influencing overall stock performance. • The trend highlights how geopolitical tensions and energy costs directly impact major UK equity indices.

• Indian stock markets declined on Monday, with the Sensex slumping 600 points and the Nifty testing the 24,200 level. • The selloff was primarily driven by escalating Iran-US tensions and investor concerns over rising Brent crude oil prices. • Market performance was mixed across sectors, as Axis and HDFC Bank shares dropped while Tech Mahindra and Bharti Airtel saw gains.

• Wall Street experienced a broad decline, with the Nasdaq Composite dropping 1.81%, the S&P 500 falling 1.14%, and the Dow Jones Industrial Average decreasing by 0.24%. • The market downturn was primarily driven by a deepening selloff in semiconductor stocks and a significant slump in Netflix shares. • This volatility highlights growing investor concern over the valuation of high-growth technology companies and the stability of the chip sector.

• The Indian stock market experienced a sharp crash, with the Sensex slumping 1,677 points and the Nifty falling over 450 points to end below 23,900. • The downturn was triggered by comments from Donald Trump claiming that the Memorandum of Understanding (MoU) with Iran is over and that he will no longer deal with the nation. • This volatility highlights the sensitivity of domestic markets to renewed US-Iran tensions and geopolitical instability.

• The Nasdaq Composite index fell more than 4.5% over the past week, driven by a significant sell-off in high-growth technology stocks. • The market downturn coincided with the release of critical inflation and economic growth data on Thursday, which influenced investor expectations. • These shifts are significant as they impact the outlook for future monetary policy and interest rate decisions by central banks.

• South Korea's Kospi and other major Asian indices slumped, with Taiwan's Taiex closing 3.6% lower and Hong Kong's Hang Seng Index losing over 2%. • The downturn was driven by a SoftBank rout and investor concerns regarding memory chip demand following price hikes by Apple. • Specific losses included chip giant TSMC, which closed over 2% lower, and Alibaba, which tanked 6% after accusations from Anthropic regarding the exploitation of AI models.

• Major stock indexes ended mixed on Thursday as Micron Technology's strong quarterly earnings sparked a rally in memory chips, offsetting losses in other mega-cap tech stocks like Apple. • The Bureau of Economic Analysis reported that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose 4.1% year-over-year in May. • This surge from April's 3.8% increase marks a three-year high, complicating the Federal Reserve's efforts to maintain price stability and manage interest rates.