Evening Update: Today’s headlines from The Straits Times on July 1, 2026
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https://str.sg/adg2
The Straits Times
Evening Update: Today’s headlines from The Straits Times on July 1, 2026
You are reading the Evening Update newsletter. Get up to speed with the important stories from the day. Subscribe to our newsletter. Read more at straitstimes.com.
#SgMarketUpdate
Singapore stocks fall as investors await Fed chair comments; STI down 0.2%
Singapore stocks ended lower on Wednesday (Jul 1), as investors held out for upcoming comments from US Federal Reserve chair Kevin Warsh.
He is expected to speak later in the day at the European Central Bank Forum in Sintra, Portugal.
The benchmark Straits Times Index (STI) lost 0.2 per cent or 9.15 points to finish at 5,161.50.
ST Engineering : S63 +1.64% led the gainers on Singapore’s blue-chip index, rising 1.6 per cent or S$0.17 to S$10.56.
The worst performer among STI constituents was DFI Retail Group : D01 -5.01%, which fell 5 per cent or US$0.19 to US$3.60.
The three local banks ended mixed on Wednesday. DBS : D05 +0.05% rose 0.05 per cent or S$0.03 to S$65.43, while OCBC : O39 -0.52% finished 0.5 per cent or S$0.13 lower at S$24.66, and UOB : U11 -0.28% fell 0.3 per cent or S$0.11 to S$39.65...
Across the broader market, losers outnumbered gainers 233 to 198, after 806.6 million securities worth S$1.6 billion changed hands.
Key regional indices were mixed. Japan’s Nikkei 225 gained 0.6 per cent, while South Korea’s Kospi fell 2 per cent and the FTSE Bursa Malaysia KLCI was down 0.4 per cent.
Hong Kong’s Hang Seng Index was closed for a public holiday...
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-investors-await-fed-chair-comments-sti-down-0-2
Singapore stocks fall as investors await Fed chair comments; STI down 0.2%
Singapore stocks ended lower on Wednesday (Jul 1), as investors held out for upcoming comments from US Federal Reserve chair Kevin Warsh.
He is expected to speak later in the day at the European Central Bank Forum in Sintra, Portugal.
The benchmark Straits Times Index (STI) lost 0.2 per cent or 9.15 points to finish at 5,161.50.
ST Engineering : S63 +1.64% led the gainers on Singapore’s blue-chip index, rising 1.6 per cent or S$0.17 to S$10.56.
The worst performer among STI constituents was DFI Retail Group : D01 -5.01%, which fell 5 per cent or US$0.19 to US$3.60.
The three local banks ended mixed on Wednesday. DBS : D05 +0.05% rose 0.05 per cent or S$0.03 to S$65.43, while OCBC : O39 -0.52% finished 0.5 per cent or S$0.13 lower at S$24.66, and UOB : U11 -0.28% fell 0.3 per cent or S$0.11 to S$39.65...
Across the broader market, losers outnumbered gainers 233 to 198, after 806.6 million securities worth S$1.6 billion changed hands.
Key regional indices were mixed. Japan’s Nikkei 225 gained 0.6 per cent, while South Korea’s Kospi fell 2 per cent and the FTSE Bursa Malaysia KLCI was down 0.4 per cent.
Hong Kong’s Hang Seng Index was closed for a public holiday...
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-investors-await-fed-chair-comments-sti-down-0-2
The Business Times
Singapore stocks fall as investors await Fed chair comments; STI down 0.2%
ST Engineering leads the gainers on the blue-chip index Read more at The Business Times.
Stocks making the biggest moves premarket: Nike, ServiceNow, Constellation Brands & more
https://www.cnbc.com/2026/07/01/stocks-making-the-biggest-moves-premarket-nke-now-stz.html?__source=androidappshare
https://www.cnbc.com/2026/07/01/stocks-making-the-biggest-moves-premarket-nke-now-stz.html?__source=androidappshare
CNBC
Stocks making the biggest moves premarket: Nike, ServiceNow, Constellation Brands & more
These are the stocks posting the largest moves premarket.
Goldman flags oil surplus even as nations rebuild stockpiles https://www.businesstimes.com.sg/companies-markets/energy-commodities/goldman-flags-oil-surplus-even-nations-rebuild-stockpiles?utm_source=web_share&utm_medium=referral&utm_campaign=article
The Business Times
Goldman flags oil surplus even as nations rebuild stockpiles
Crossings through Hormuz have picked up despite attacks on two vessels in recent days Read more at The Business Times.
BYD’s sales rise for second month, buoyed by exports
https://www.businesstimes.com.sg/companies-markets/transport-logistics/byds-sales-rise-second-month-buoyed-exports
https://www.businesstimes.com.sg/companies-markets/transport-logistics/byds-sales-rise-second-month-buoyed-exports
The Business Times
BYD’s sales rise for second month, buoyed by exports
Its overseas sales helped cushion weakness in China Read more at The Business Times.
Oil's wild first half upended everything Wall Street expected
https://finance.yahoo.com/markets/article/oils-wild-first-half-of-the-year-upended-everything-wall-street-expected-100000651.html
https://finance.yahoo.com/markets/article/oils-wild-first-half-of-the-year-upended-everything-wall-street-expected-100000651.html
Yahoo Finance
Oil's wild first half of the year upended everything Wall Street expected
For the oil markets, the first half of 2026 has been a wild ride.
#USMarketUpdate
Dow closes little changed after touching record; Nasdaq slides to start July
The Dow Jones Industrial Average scaled to a record high before cooling on Wednesday, while the Nasdaq Composite struggled amid declines in chipmakers.
The 30-stock average lost 13.96 points, or 0.03%, to close at 52,305.24. Earlier in the session, the Dow surged to a new intraday high of 52,742.66 before retreating as artificial intelligence beneficiary Caterpillar pulled back almost 7%.
The S&P 500 dropped 0.22%, ending at 7,483.23.
The Nasdaq Composite declined 0.66% to 26,040.03. The tech-heavy index fell as investors dumped semiconductor names, taking profit after the swath of stocks surged more than 80% in the first half of 2026.
Micron tumbled more than 10%, although it’s still up more than 260% in the year to date. Sandisk also shed over 10%, but the stock is still toting an advance of more than 750% in 2026. Nvidia and Broadcom also fell roughly 1% and 2%, respectively, in the session.
https://www.cnbc.com/2026/06/30/stock-market-today-live-updates.html?__source=androidappshare
Dow closes little changed after touching record; Nasdaq slides to start July
The Dow Jones Industrial Average scaled to a record high before cooling on Wednesday, while the Nasdaq Composite struggled amid declines in chipmakers.
The 30-stock average lost 13.96 points, or 0.03%, to close at 52,305.24. Earlier in the session, the Dow surged to a new intraday high of 52,742.66 before retreating as artificial intelligence beneficiary Caterpillar pulled back almost 7%.
The S&P 500 dropped 0.22%, ending at 7,483.23.
The Nasdaq Composite declined 0.66% to 26,040.03. The tech-heavy index fell as investors dumped semiconductor names, taking profit after the swath of stocks surged more than 80% in the first half of 2026.
Micron tumbled more than 10%, although it’s still up more than 260% in the year to date. Sandisk also shed over 10%, but the stock is still toting an advance of more than 750% in 2026. Nvidia and Broadcom also fell roughly 1% and 2%, respectively, in the session.
https://www.cnbc.com/2026/06/30/stock-market-today-live-updates.html?__source=androidappshare
CNBC
Dow futures dip after blue-chip index posts strongest first-half performance since 2021: Live updates
The Dow Jones Industrial Average rose 8.9% in the first half of 2026.
ADP report misses with jobs data on deck
https://finance.yahoo.com/economy/article/private-employers-added-98000-jobs-in-june-fewer-than-expected-122106116.html
https://finance.yahoo.com/economy/article/private-employers-added-98000-jobs-in-june-fewer-than-expected-122106116.html
Yahoo Finance
Private employers added 98,000 jobs in June, fewer than expected
US private employers brought on 98,000 jobs in June, payroll processor ADP said Wednesday, missing expectations.
🔥1
Meta stock pops on news it will reportedly start a cloud computing business
Meta, like SpaceX, looks to turn excess AI compute into cash
https://finance.yahoo.com/markets/stocks/article/meta-stock-pops-on-news-it-will-reportedly-start-a-cloud-computing-business-134412120.html
Meta, like SpaceX, looks to turn excess AI compute into cash
https://finance.yahoo.com/markets/stocks/article/meta-stock-pops-on-news-it-will-reportedly-start-a-cloud-computing-business-134412120.html
Yahoo Finance
Meta stock pops on news it will reportedly start a cloud computing business
Meta is reportedly building a cloud computing business.
CrowdStrike Stock Split Set For Wednesday Amid 2026 Momentum | Investor's Business Daily
https://www.investors.com/news/technology/crowdstrike-stock-split-cybersecurity-2026-momentum/?src=A00220
https://www.investors.com/news/technology/crowdstrike-stock-split-cybersecurity-2026-momentum/?src=A00220
Investor's Business Daily
CrowdStrike Stock Split Set For Wednesday Amid 2026 Momentum
The cybersecurity firm will split 4-for-1 on Wednesday. CrowdStrike stock has gained some 58% in 2026.
#USMarketUpdate
Wall Street ends choppy session lower as tech shares drop | Reuters
SUMMARY
Investors digest Fed Chair Warsh's comments
Meta jumps after report on cloud business
Alcoa shares fall after deal
Dow down 0.03%; S&P 500 down 0.2%; Nasdaq down 0.7%
July 1 (Reuters) - U.S. stocks finished slightly lower on Wednesday as technology shares fell, but gains in Meta Platforms limited the decline in the S&P 500 and Nasdaq.
Chipmakers were among the biggest drags on the S&P 500 and Nasdaq, with an index of semiconductors (.SOX), opens new tab ending 6.3% lower and technology (.SPLRCT), opens new tab leading declines among S&P 500 sectors. Lofty valuations and big AI spending by tech companies have been a concern for some market participants.
The key monthly U.S. jobs report is due out on Thursday, with the market closed on Friday ahead of the Fourth of July holiday.
Shares of Meta Platforms (META.O), opens new tab rallied 8.8% after Bloomberg News reported that it is building a cloud business to sell excess AI computing capacity.
Also providing some support were comments from Federal Reserve Chair Kevin Warsh that inflation risks had eased recently.
Warsh said he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
Oil prices rose sharply at the start of the Iran war. Traders slightly pared their rate-hike expectations as Warsh spoke, but they still expect at least one hike from the U.S. central bank this year, according to data compiled by LSEG.
Investors also digested data from the Institute for Supply Management that showed U.S. manufacturing activity had slowed in June but was still solid.
Among the day's other decliners, shares of Alcoa (AA.N), opens new tab fell 8.9% after Australia's South32 (S32.AX), opens new tab agreed to sell most of its aluminium assets to Alcoa.
The day's weakness comes after a strong second quarter for the indexes. The S&P 500 and the Nasdaq Composite registered their biggest quarterly gains since 2020, while the Dow marked its best showing since 2022.
Advancing issues outnumbered decliners by a 1.07-to-1 ratio on the New York Stock Exchange. There were 353 new highs and 127 new lows on the NYSE.
On the Nasdaq, 2,661 stocks rose and 2,303 fell as advancing issues outnumbered decliners by a 1.16-to-1 ratio.
The S&P 500 posted no new 52-week highs and no new lows, while the Nasdaq Composite recorded no new highs and no new lows.
https://www.reuters.com/business/wall-st-futures-slip-second-half-year-begins-with-mideast-worries-2026-07-01/
Wall Street ends choppy session lower as tech shares drop
https://www.straitstimes.com/business/companies-markets/wall-street-ends-choppy-session-lower-as-tech-shares-drop
Wall Street ends choppy session lower as tech shares drop | Reuters
SUMMARY
Investors digest Fed Chair Warsh's comments
Meta jumps after report on cloud business
Alcoa shares fall after deal
Dow down 0.03%; S&P 500 down 0.2%; Nasdaq down 0.7%
July 1 (Reuters) - U.S. stocks finished slightly lower on Wednesday as technology shares fell, but gains in Meta Platforms limited the decline in the S&P 500 and Nasdaq.
Chipmakers were among the biggest drags on the S&P 500 and Nasdaq, with an index of semiconductors (.SOX), opens new tab ending 6.3% lower and technology (.SPLRCT), opens new tab leading declines among S&P 500 sectors. Lofty valuations and big AI spending by tech companies have been a concern for some market participants.
The key monthly U.S. jobs report is due out on Thursday, with the market closed on Friday ahead of the Fourth of July holiday.
Shares of Meta Platforms (META.O), opens new tab rallied 8.8% after Bloomberg News reported that it is building a cloud business to sell excess AI computing capacity.
Also providing some support were comments from Federal Reserve Chair Kevin Warsh that inflation risks had eased recently.
Warsh said he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
Oil prices rose sharply at the start of the Iran war. Traders slightly pared their rate-hike expectations as Warsh spoke, but they still expect at least one hike from the U.S. central bank this year, according to data compiled by LSEG.
Investors also digested data from the Institute for Supply Management that showed U.S. manufacturing activity had slowed in June but was still solid.
Among the day's other decliners, shares of Alcoa (AA.N), opens new tab fell 8.9% after Australia's South32 (S32.AX), opens new tab agreed to sell most of its aluminium assets to Alcoa.
The day's weakness comes after a strong second quarter for the indexes. The S&P 500 and the Nasdaq Composite registered their biggest quarterly gains since 2020, while the Dow marked its best showing since 2022.
Advancing issues outnumbered decliners by a 1.07-to-1 ratio on the New York Stock Exchange. There were 353 new highs and 127 new lows on the NYSE.
On the Nasdaq, 2,661 stocks rose and 2,303 fell as advancing issues outnumbered decliners by a 1.16-to-1 ratio.
The S&P 500 posted no new 52-week highs and no new lows, while the Nasdaq Composite recorded no new highs and no new lows.
https://www.reuters.com/business/wall-st-futures-slip-second-half-year-begins-with-mideast-worries-2026-07-01/
Wall Street ends choppy session lower as tech shares drop
https://www.straitstimes.com/business/companies-markets/wall-street-ends-choppy-session-lower-as-tech-shares-drop
While You Were Sleeping: 5 stories you might have missed, July 2, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-2-2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-2-2026
The Straits Times
While You Were Sleeping: 5 stories you might have missed, July 2, 2026
While You Were Sleeping: 5 stories you might have missed, July 2, 2026. Read more at straitstimes.com. Read more at straitstimes.com.
#USMarketUpdate
Stock market today: Dow, S&P 500, Nasdaq slip as semiconductor stocks sink to start 3rd quarter
US stocks slipped on Wednesday to start the first day of the third quarter as investors scrutinized comments from Federal Reserve Kevin Warsh for clues about future interest rate moves.
The Dow Jones Industrial Average (^DJI) slipped below the flatline after a fresh record-high close, while the S&P 500 (^GSPC) dropped 0.2%. The tech-heavy Nasdaq Composite (^IXIC) dipped 0.6% as semiconductor stocks retreated.
Stocks bounced off session lows following Warsh's remarks at the ECB forum in Portugal on Wednesday. Warsh didn't provide Wall Street with forward guidance on Fed policy, but he did reaffirm his commitment to price stability, stating that "prices are too high."
That, along with a fresh batch of economic data, set the stage for the June jobs report on Thursday, a day earlier than usual due to the Fourth of July holiday shutdown. Data from ADP on Wednesday showed private sector hiring slowed more than expected in June, as the private sector added 98,000 jobs, while data from the outplacement firm Challenger, Gray & Christmas showed US employers announced just under 46,000 job cuts last month, down slightly from a year ago.
https://finance.yahoo.com/markets/live/stock-market-today-nasdaq-dips-dow-and-sp-500-rise-as-markets-weigh-kevin-warshs-remarks-224748322.html
Stock market today: Dow, S&P 500, Nasdaq slip as semiconductor stocks sink to start 3rd quarter
US stocks slipped on Wednesday to start the first day of the third quarter as investors scrutinized comments from Federal Reserve Kevin Warsh for clues about future interest rate moves.
The Dow Jones Industrial Average (^DJI) slipped below the flatline after a fresh record-high close, while the S&P 500 (^GSPC) dropped 0.2%. The tech-heavy Nasdaq Composite (^IXIC) dipped 0.6% as semiconductor stocks retreated.
Stocks bounced off session lows following Warsh's remarks at the ECB forum in Portugal on Wednesday. Warsh didn't provide Wall Street with forward guidance on Fed policy, but he did reaffirm his commitment to price stability, stating that "prices are too high."
That, along with a fresh batch of economic data, set the stage for the June jobs report on Thursday, a day earlier than usual due to the Fourth of July holiday shutdown. Data from ADP on Wednesday showed private sector hiring slowed more than expected in June, as the private sector added 98,000 jobs, while data from the outplacement firm Challenger, Gray & Christmas showed US employers announced just under 46,000 job cuts last month, down slightly from a year ago.
https://finance.yahoo.com/markets/live/stock-market-today-nasdaq-dips-dow-and-sp-500-rise-as-markets-weigh-kevin-warshs-remarks-224748322.html
Yahoo Finance
Stock market today: Dow, S&P 500, Nasdaq slip as semiconductor stocks sink to start 3rd quarter
US stocks were mixed after Fed Chairman Kevin Warsh reaffirmed the central bank's inflation target.
Morning Briefing: Top stories from The Straits Times on July 2, 2026
https://str.sg/vCZA
https://str.sg/vCZA
The Straits Times
Morning Briefing: Top stories from The Straits Times on July 2, 2026
You are reading the Morning Briefing newsletter. Get the news that prepares you for the day ahead, delivered to your inbox. Subscribe to our newsletter. Read more at straitstimes.com.
#XiaoLin
Navigating the interwoven America AI capital spending landscape
https://youtu.be/OcKl98ZQbMQ?is=Q90tSm_Z8gQq6Agm
Navigating the interwoven America AI capital spending landscape
https://youtu.be/OcKl98ZQbMQ?is=Q90tSm_Z8gQq6Agm
YouTube
AI巨头们之间的资本混战，到底是个什么情况？
AI资本大混战，我说说，你听听~
【章节】
0:00 开头
1:01 入围玩家
4:19 OA争夺战
9:12 上下游合作
15:08 中心牌桌
【章节】
0:00 开头
1:01 入围玩家
4:19 OA争夺战
9:12 上下游合作
15:08 中心牌桌
🐳 WhalePool Traders Journal
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#HKMarketUpdate
<Full-day Takeaway>HSI Closes at 23,055, Up 174 pts; HSTI Closes at 4,454, Down 17 pts; XIAOMI Up over 4%; MEITUAN Up over 3%; Market Turnover Rises
2026/07/02 16:12 GMT+08
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1531570/latest-news/AAFN
<Full-day Takeaway>HSI Closes at 23,055, Up 174 pts; HSTI Closes at 4,454, Down 17 pts; XIAOMI Up over 4%; MEITUAN Up over 3%; Market Turnover Rises
2026/07/02 16:12 GMT+08
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1531570/latest-news/AAFN
#HKMarketUpdate
<H Shrs> HSI Closes Up 174 pts as BYD COMPANY Gains 8%, SMIC Drops 10%; Leveraged ETFs Tracking Samsung and SK Hynix Slump Over 26%
2026/07/02 16:24 GMT+08
US stocks fell overnight (1st), with the DJIA reversing losses after hitting a record high. Some chip stocks posted notable declines, while the Nasdaq dropped nearly 0.7%. The HSI opened 190 pts higher this morning (2nd), with gains widening to more than 450 pts before trimming. The index closed at 23,055 pts, up 174 pts or 0.76%, with total market turnover at HKD369.633 billion. The HSCEI closed at 7,612 pts, up 54 pts or 0.72%, while the HSTECH closed at 4,454 pts, down 17 pts or 0.4%.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1531581/top-news/AAFN
<H Shrs> HSI Closes Up 174 pts as BYD COMPANY Gains 8%, SMIC Drops 10%; Leveraged ETFs Tracking Samsung and SK Hynix Slump Over 26%
2026/07/02 16:24 GMT+08
US stocks fell overnight (1st), with the DJIA reversing losses after hitting a record high. Some chip stocks posted notable declines, while the Nasdaq dropped nearly 0.7%. The HSI opened 190 pts higher this morning (2nd), with gains widening to more than 450 pts before trimming. The index closed at 23,055 pts, up 174 pts or 0.76%, with total market turnover at HKD369.633 billion. The HSCEI closed at 7,612 pts, up 54 pts or 0.72%, while the HSTECH closed at 4,454 pts, down 17 pts or 0.4%.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1531581/top-news/AAFN
Google loses fight over record $4.7 billion EU antitrust fine
https://www.cnbc.com/2026/07/02/alphabet-google-android-eu-antitrust-fine-4-1-billion-euro-appeal.html
https://www.cnbc.com/2026/07/02/alphabet-google-android-eu-antitrust-fine-4-1-billion-euro-appeal.html
CNBC
Google loses fight over record $4.7 billion EU antitrust fine
In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android's mobile dominance.