Session wrap

Iran's Revolutionary Guards claimed strikes on US bases in Jordan, Kuwait and Bahrain, saying 21 targets were hit including F-35 hangars and command centres, as Kuwait's air defenses reported intercepting hostile aerial targets.

SpaceX IPO sees 4x demand, but retail allocation's uncertain. High valuation, potential risks loom.

Iran's Revolutionary Guards attacked the US Fifth Fleet base in Bahrain with drones following American strikes on Iranian air defense and radar sites near the Strait of Hormuz, with oil rising around 1% in early Asian trade.

China May CPI 1.2% y/y (expected 1.3%) and -0.1% m/m (expected -0.2%) Chinese producers are facing sharply higher costs but weak domestic demand is preventing them from passing those costs on to consumers.

Tech stocks plunged $1T, then recovered. Investors eye risks beyond valuations.

Tech stocks tumble 3% on Iran tensions & rotation; financials, REITs gain.

PBOC sets USD/ CNY central rate at 6.8130 (vs. estimate at 6.7749)v