WS #10740

The dominant narrative remains the global tech selloff, with Apple's 6.1% drop on price hikes and South Korea's Kospi circuit breaker reinforcing the bearish tech thesis. Crypto is caught in the downdraft, with ether, XRP, and dogecoin leading losses. However, a potential counter-signal emerges: the UN has suspended Hormuz ship evacuations after a vessel came under fire, indicating ongoing Strait of Hormuz tensions that could support oil prices and energy stocks. Additionally, the US Supreme Court ruling to end TPS for Haitians and Syrians is a political development but has limited direct market impact. No new data refutes the ongoing tech selloff, so it carries forward as the primary theme.