World Market

• Global stock markets declined as shares of computer chipmakers and other AI-driven companies experienced a significant slump. • Major indexes saw notable losses, including a 1.8% drop in Shanghai and a 2.8% decrease in Tokyo. • Hong Kong's Hang Seng index rose 1.3%, bolstered by Alibaba's growth after China's cyberspace regulator approved the Apple Intelligence AI tool.

• Global stock markets declined on Thursday as slumping AI-related shares and computer chipmakers dragged down indexes worldwide. • The S&P 500 fell 0.5%, while international markets saw sharper drops, including a 1.8% decline in Shanghai and a 2.8% dip in Tokyo. • Hong Kong’s Hang Seng index rose 1.3%, bolstered by Alibaba's gains after China's cyberspace regulator approved the Apple Intelligence AI tool.

• Investors are focusing on TSMC's upcoming earnings report to gauge the current global demand for AI chips. • Wall Street banks are scheduled to report their financial results this week, with analysts expecting strong corporate profit figures. • Oil prices continue to experience volatility due to ongoing geopolitical tensions involving Iran and shipping flows through the Strait of Hormuz.

• A Morningstar Indexes study reveals that global equity markets are becoming increasingly internationally connected, driven primarily by the expansion of AI companies. • The U.S. stock market's domestic revenue share dropped from 61% last year to 59%, while markets in South Korea, Taiwan, China, and Japan are also showing higher global integration. • In contrast, emerging markets with large populations—such as India, Indonesia, and Egypt—remain predominantly domestically oriented with little change since the previous study.

• Global markets declined on Tuesday as a sharp sell-off in AI-related stocks dragged down the S&P 500 by 0.4%, despite most individual stocks in the index rising. • Significant losses were led by Intel (-9.7%), AMD (-6.5%), and Micron Technology (-4.7%), while SpaceX's xAI business fell 6.8% following its inclusion in the Nasdaq 100. • In the pharmaceutical sector, Vertex Pharmaceuticals dropped 1.4% after announcing a cash acquisition of Crinetics Pharmaceuticals at $85 per share, causing Crinetics' stock to surge 98.7%.

• Global stock markets are showing signs of fragility due to stretched valuations and a "late-cycle" warning pattern where dominant components weaken while headline indices remain high. • In Thailand, foreign capital returned to equities in 2026 following three years of net outflows, successfully pushing the SET Index above 1,500 points. • Market instability is intensifying as weakness initially seen in technology stocks spreads into the financial sector, with several major sectors completing topping patterns.

• Thailand is launching an aggressive tourism campaign for the second half of the year to sustain rising international arrivals and strengthen both long-haul and short-haul markets. • The strategy focuses on key Asian markets, utilizing digital campaigns in China, aviation expansion in India, and promoting cross-border travel for visitors from Malaysia. • To ensure regional leadership despite volatility, the initiative targets high-frequency connectivity in Taiwan and Hong Kong while treating the Philippines and Myanmar as emerging growth markets.