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Japanese Prime Minister Takaichi has asked Iranian President Pezeshkian to ensure free and safe navigation through the Strait of Hormuz.

2026-06-01

Japanese Prime Minister Takaichi has asked Iranian President Pezeshkian to ensure free and safe navigation through the Strait of Hormuz.

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2026-06-01

Japanese Prime Minister Sanae Takaichi: I have asked Iranian President Pezechzian to ensure freedom and safety of navigation in the Strait of Hormuz.

Japanese Prime Minister Sanae Takaichi: I have asked Iranian President Pezechzian to ensure freedom and safety of navigation in the Strait of Hormuz.
2026-06-01

CITIC Securities says current AI and technology-sector trading is very stretched but not yet at historical extremes. The firm attributes the rally to pronounce macro divergence between new and old domestic drivers across investment, production and pr

CITIC Securities says current AI and technology-sector trading is very stretched but not yet at historical extremes. The firm attributes the rally to pronounce macro divergence between new and old domestic drivers across investment, production and profits—traditional demand is weakening while AI-related activity is expanding. Similar divergence exists abroad: the US is the epicenter of AI spending and demand, while South Korea is capturing outsized hardware profits; global AI expansion is lifting demand for China’s AI-related products. CITIC’s calculations show this episode differs from four prior concentrated rallies by a stronger macro fundamental split. Because much of China’s production, exports and trading momentum reflects overseas spillovers, the report flags near-term market risks from the persistence of external macro divergence, the degree to which profit expectations are realized, and whether corporate expansion is funded by internal cash rather than debt; over the medium term it highlights the potential for further Chinese AI capex to raise its contribution to GDP growth.
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