Wall Street closes mixed as tech rout deepens, small caps and Dow resist the selloff
Executive summary: U.S. markets finished sharply mixed, with the Nasdaq and S&P 500 under pressure as megacap tech, chips, crypto and several commodities sold off hard. The Dow Jones and Russell 2000 held up better, suggesting a rotation away from the most crowded growth trades and into more cyclical or value-sensitive areas. The move was broad enough to hit Nvidia, Apple, Meta, Amazon, Tesla and the SOXX chip ETF, while silver, ether, bitcoin and WTI crude also fell sharply. Natural gas was one of the few notable gainers. [Continue Reading]
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Day News Recap: Venezuela quake toll climbs as Iran tensions, Ukraine strikes and Asia markets slide
Venezuela was hit by two major earthquakes in quick succession, with the death toll rising from nearly 190 to at least 235 as rescuers searched for people trapped under rubble and officials warned that reconstruction costs could run into the billions. 🔗In the Middle East, Donald Trump said Iran attacked ships in the Strait of Hormuz and called it a violation of a ceasefire agreement, while the International Maritime Organization paused a planned evacuation of sailors after a cargo vessel was struck near Oman. 🔗 🔗Diplomatic tensions around Iran also deepened as IAEA chief Rafael Grossi pressed for a very... [Continue Reading]
Von der Leyen to visit Azerbaijan and Armenia as EU deepens South Caucasus ties
European Commission President Ursula von der Leyen is due to visit Azerbaijan and Armenia next week in a fresh push to deepen the European Union's engagement with the two South Caucasus neighbours. The trip is set to begin in Baku on 1 July, where she is expected to meet President Ilham Aliyev. The visit comes as Brussels seeks to strengthen cooperation on energy, infrastructure and regional stability after years of conflict between the two countries.According to sources in Yerevan and Baku with knowledge of the plans, talks in the Azerbaijani capital will focus on expanding energy supplies to Europe and... [Continue Reading]
Asian stock markets slide as tech shares slump and South Korea halts trading
Asian stock markets fell sharply on Friday in a technology-led sell-off, with South Korea's Kospi briefly halting trading after a steep drop. The benchmark index triggered a circuit-breaker mechanism when it fell 8%, before ending the session 5.8% lower. Japan's Nikkei 225 also closed more than 4% down, while other major regional markets were also weaker.The move came as investors reassessed the recent rally in technology shares and questioned whether valuations had risen too far. In South Korea, the 20-minute halt on the Kospi was the third time the circuit breaker had been triggered this week and the fifth such... [Continue Reading]
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360LiveNews Day Recap News: Venezuela quake toll climbs as Middle East tensions and Europe heat intensify
Venezuela has declared a state of emergency after twin earthquakes collapsed buildings in Caracas and other cities, with the death toll rising to at least 164 as rescue teams searched through rubble and international help began to arrive. France said it would send 85 search and rescue specialists, while other European governments also moved to assist. 🔗 🔗In the Middle East, violence continued in southern Lebanon despite Washington talks, after Israeli strikes killed three people and wounded one other in an attack on a car. At the same time, Israel said it would keep troops in southern Lebanon until Hezbollah... [Continue Reading]
Iran threatens Israel after troop withdrawal dispute deepens in south Lebanon
Iran has threatened Israel after Israeli officials said troops would not withdraw from southern Lebanon, even if the United States demanded it. The warning came on Thursday and followed a day of sharp exchanges over the future of the ceasefire that has been in place for about a week. The dispute centres on whether Israel will leave the south as part of the wider understanding linked to the truce with Hezbollah.Esmaeil Qaani, the head of the Quds Force, said in a statement carried by state media that Israel would face consequences if it continued on its current path. A day... [Continue Reading]
UN begins phased evacuation of 11,000 stranded sailors in Strait of Hormuz
The United Nations' International Maritime Organization has begun evacuating more than 11,000 sailors stranded in the Strait of Hormuz after the waterway was effectively closed during the US-Israel war on Iran. The operation is being carried out in phases and is centred on one of the world's most sensitive shipping corridors. Shipping traffic has started to resume, but officials say the process remains controlled because of the risks involved.IMO Secretary-General Arsenio Dominguez said the evacuation is taking place in close cooperation with Iran, Oman, other coastal states in the region, the United States and the maritime industry. He said safety... [Continue Reading]
Von der Leyen to visit Armenia next week after pro-EU political shift
European Commission President Ursula von der Leyen is due to travel to Armenia next week for talks with Prime Minister Nikol Pashinyan, in a move aimed at deepening EU-Armenia relations after his recent re-election. The visit comes as Yerevan has signalled a more cautious but clearer pro-EU orientation, while still managing its long-standing ties with Russia. According to sources in Yerevan, the trip is intended to build on the political opening created by the June election result.The planned visit follows a series of recent EU statements and support measures for Armenia. The European Commission endorsed Pashinyan shortly before the 7... [Continue Reading]
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Zelensky returns Poland's top honour amid UPA row
Ukraine's President Volodymyr Zelensky has said he has returned Poland's highest honour after Polish President Karol Nawrocki said he was stripping him of the award. The move deepens a diplomatic dispute between Warsaw and Kyiv over Ukraine's decision to rename a military unit after the Ukrainian Insurgent Army, or UPA. It also keeps attention on a long-running argument over wartime history that has again spilled into present-day relations.The Order of the White Eagle was awarded to Zelensky in 2023 by then-President Andrzej Duda. Nawrocki said last month that the Ukrainian naming decision was "outrageous", "incomprehensible" and "deeply disappointing", and argued... [Continue Reading]


