Hermès shares have resumed trading and are currently down 10.4%.

Goldman Sachs says the sharp sell-off in Japan AI-related stocks has created a buy opportunity and that strong earnings could revive interest in semiconductor names. Bruce Kirk, Goldman's chief Japan equity strategist, said the correction has lowered the earnings bar, making outperformance more price-moving, and that current levels look attractive to add positions absent a material deterioration in geopolitical risk. He added that earnings will ultimately decide the direction and that strong results at much lower price levels should refocus investors on the AI profit story. Goldman cautioned short-term volatility may persist: its prime-brokerage data show hedge funds' gross and net Japan exposures sit above the 98th percentile of their five-year ranges, a historically high level.

1. Claiming control of the Strait of Hormuz – Trump: Iran does not control the Strait of Hormuz. We control the Strait of Hormuz. Only ships that we want to pass through can pass through. 2. Hoping Iran will formally commit to not possessing nuclear weapons – Trump: Iran understands they will never have nuclear weapons. Iran has essentially agreed not to have nuclear weapons. Iran needs to formally commit to not possessing nuclear weapons. 3. Claiming US-Iran negotiations are “progressing well,” threatening strikes if no agreement is reached —Trump stated that the US has had good negotiations with Iran, although he reiterated that if no agreement is reached with Iran, he will strike “Gazelle Hill,” as well as bridges and power plants. He hopes to avoid attacking Iranian bridges and power plants if possible. 4. Claiming indifference to the USMCA trade agreement —Trump stated that renewing trade agreements with Mexico and Canada is more important to these countries than to the US. When asked if he would renew the USMCA (United States-Mexico-Canada Agreement), Trump said, "I don't care; it's not important to us." 5. Meeting with Zelensky, Agreeing to Provide Patriot Missile Licenses to Ukraine —Trump held a closed-door meeting with Ukrainian President Zelensky at the White House on the morning of the 28th. Zelensky stated after the meeting that Trump had agreed to provide Ukraine with Patriot missile licenses and also discussed issues such as restarting the diplomatic process to end the Ukraine crisis. 6. Meeting with Netanyahu, Focusing on the Iranian Nuclear Issue —Trump met with visiting Israeli Prime Minister Netanyahu at the White House, with the Iranian nuclear issue being a central topic. Both sides reaffirmed their shared commitment to "preventing Iran from acquiring nuclear weapons" after the meeting. 7. Pledge to End the War in Iran—Trump: Iran is extremely eager for an agreement. We will get Iran to sign the agreement. We will end this war.