On June 5, US AI chip stocks collectively dropped in pre-market trading, with Qualcomm and Intel falling over 3%. AMD, TSMC, Lattice Semiconductor, and NXP Semiconductors declined more than 2%, while Broadcom and NVIDIA fell over 1%.
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US AI Chip Stocks Drop Pre-Market, Qualcomm and Intel Fall Over 3%
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CSRC: Strengthening Regulation of State-owned Capital Funds to Ensure Functional Integrity
On June 5, a spokesperson for the China Securities Regulatory Commission (CSRC) answered reporters' questions regarding the 'Guiding Opinions on Strengthening Regulation to Prevent Risks and Promote High-quality Development of Private Investment Funds' issued by the General Office of the State Council. The focus is on improving the institutional framework, particularly addressing shortcomings in areas such as information disclosure, fundraising, and custody, to build a comprehensive regulatory system for private funds. The implementation of classified and tiered regulation will be reinforced, enhancing the ability for penetrating supervision and clue discovery, while strictly cracking down on illegal activities. There will be a strengthened normative management of state-owned capital funds to ensure they adhere to their functional positioning and prevent mismanagement, loss of control, and the erosion of state assets. -
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U.S. Stock Market Sees Collective Drop in Optical Communication Sector: Lumentum Falls Over 4%, Mavenir Drops Over 3%
On June 5, the U.S. stock market saw a collective decline in the optical communication sector. Among the companies, Coherent, Applied Optoelectronics, Lumentum, Nokia, and Qorvo fell over 4%, while Mavenir, Corning, and Ciena dropped over 3%. -
Binance to Support NEAR Protocol Network Upgrade and Hard Fork on June 10
Binance announced that it will suspend token deposits and withdrawals for NEAR Protocol (NEAR) on June 10, 2026, at 07:00 (UTC+8) to support its network upgrade and hard fork. The project team expects to carry out the network upgrade and hard fork on June 10, 2026, at 08:00 (UTC+8). -
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BTC Surpasses $63,000
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Citi Raises Oracle Target Price to $330
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WTI Crude Oil Declines 1.00% Intraday
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