WS #11699
No material new developments in the last 30 minutes. The US-Iran conflict narrative remains dominant with no de-escalation signals. Oil prices and energy stocks continue to reflect the elevated geopolitical risk. No counter-signals or non-dominant-narrative developments emerged.
Topics
Key developments
- Trump declares Iran ceasefire 'over'; US launches new strikes, Iran retaliates with missile attacks on Kuwait, Bahrain, Qatar
- Iran threatens to close Strait of Hormuz; traffic grinds to near halt
- White House prepares for multi-day or multi-week exchange of fire with Iran
- China June CPI misses expectations at +1.0% y/y (expected +1.1%), core CPI slows to 1.0%
- SK Hynix US IPO oversubscribed by over 7x; Bain exits Kioxia stake
- Apple to spend over $30 billion on Broadcom chips in multi-year deal through 2031
- Fed minutes show inflation concerns persist; some officials see case for rate hike
- Asian chip stocks rally: Kospi +3%, Nikkei +1.5% led by semiconductors