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U.S. stocks opened lower and extended losses: the Nasdaq-100 fell more than 2%, the Philadelphia Semiconductor Index dropped over 6%, and SanDisk (SNDK.O) and Western Digital (WDC.O) are each down more than 10%.

2026-07-07

U.S. stocks opened lower and extended losses: the Nasdaq-100 fell more than 2%, the Philadelphia Semiconductor Index dropped over 6%, and SanDisk (SNDK.O) and Western Digital (WDC.O) are each down more than 10%.

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2026-07-07

Lee Hardman at Mitsubishi UFJ Financial Group said investors are increasingly betting on a weaker yen, heightening the potential for a rebound if positions reverse, but a near-term recovery looks unlikely. "There is currently no obvious catalyst to t

Lee Hardman at Mitsubishi UFJ Financial Group said investors are increasingly betting on a weaker yen, heightening the potential for a rebound if positions reverse, but a near-term recovery looks unlikely. "There is currently no obvious catalyst to trigger yen strength," he said. Investor unease over fiscal policy rose after the Japanese government announced a new multi‑year investment framework, adding pressure on the currency, which had already been hit by rising energy prices and the Fed’s recent signals that rates may rise. Further intervention by Japanese authorities to support the yen may not reverse its weakening trend.
2026-07-07

Bank of England Governor Bailey said the issue is whether market-driven leverage problems should be addressed through banks.

Bank of England Governor Bailey said the issue is whether market-driven leverage problems should be addressed through banks.
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