Global Economy

Walmart-backed Flipkart is expanding its quick-commerce push as Amazon ramps up operations in India.

Elon Musk has added billions of dollars in debt to his business empire while simultaneously reducing its annual interest burden, Bloomberg reports.

The Nasdaq and S&P 500 closed at more than one-week lows on Tuesday, dragged down by sharp losses in semiconductor stocks as investors scrutinized growing debt-funded AI spending and braced for a more hawkish US Federal Reserve.

Alphabet's stock is set to join the Dow Jones Industrial Average, with a current component being removed from the index.

Asia-Pacific shares edged higher at the open, bouncing back from a tech-sector rout that weighed on markets a day earlier.

Alphabet, Google's parent company, is set to replace Verizon in the Dow Jones Industrial Average, according to the Wall Street Journal.

Oil prices fall on signs of further easing of supply disruptions in the Middle East, WSJ reports.

Thailand is expected to keep its key interest rate unchanged at a nearly four-year low to support its fragile recovery, bucking a tightening trend among some regional peers.

U.S. Treasury Scott Bessent said he is already seeing the economic benefits that artificial intelligence can deliver, underscoring the administration's optimism about AI-driven productivity and growth.

Bessent said inflation is expected to return to target and added that Trump and the Treasury understand the importance of the bond market, expressing confidence that Fed Chair Kevin Warsh will balance economic growth with price stability.

China's cheap exports are bolstering the case for emerging-market bonds by helping to keep inflation under control across the developing world, according to Pimco.

Asia-Pacific stocks opened higher as the region rebounded from the previous day's tech-driven sell-off, with ASX 200 up 0.2%, Nikkei 225 up 0.4%, and KOSPI up 3.7%.

SK Hynix jumps 5%, continuing its strong market performance.

Samsung Electronics jumps 6%, extending its upward rally.

Creditors are pushing to sell two Hong Kong hotels as banks move to cut losses, SCMP reports.

Gold fell below $4,100 an ounce, extending its decline as a tech-led global market selloff triggered liquidation, with investors selling bullion to cover losses in other assets.

Gold extended a decline as a tech-led selloff on Wall Street prompted investors to cut bullion holdings to cover losses elsewhere in their portfolios.

India to sell up to 2% stake in Indian Railway Finance Corp, Reuters reports.

Micron and SanDisk led a tech selloff on Tuesday, falling more than 13%. Western Digital fell 8%, Marvell 9%, Seagate 5%, Qualcomm 8%, and Applied Materials 8%, per MarketWatch.

BOJ June meeting opinions reveal a hawkish tone, with members stating it is appropriate to continue raising interest rates as financial conditions remain accommodative and currency-driven import costs add to inflation pressures.

Oil prices fell on signs of further easing of supply disruptions in the Middle East.

SpaceX has disclosed pricing details for a debt offering that could be one of the year's biggest debt deals, MarketWatch reports.

The Bank of Japan released the Summary of Opinions from its Monetary Policy Meeting held on June 15 and 16, 2026.

Japan Services PPI (Y/Y) May: 3.3% (est 2.9%; prev 3.0%)

Morgan Stanley says South Korea's stock market decline on Tuesday appears to be a short-term pullback rather than the start of a prolonged downturn, according to analysis of the Kospi index.

Nikkei futures fall 0.5% in early trade, signaling a weaker open for Japanese equities.

MSCI has decided to keep South Korea classified as an emerging market and to postpone its review of Indonesia's status due to concerns about a possible downgrade.

The price of gold futures fell below $4,100 per troy ounce for the first time since June 11, according to COMEX data.

Amazon has been ordered to bargain with a union, which triggers a review of the US labor board's ruling.

Treasury Secretary Bessent said US economic statecraft policies will be guided in part by ensuring the nation addresses vulnerabilities to any adversary being able to curtail vital supplies