Saudi Arabia's Al Arabiya TV reports that Iranian sources indicate Tehran is awaiting concrete steps from Washington to build trust and is taking a positive stance on the latest proposal from the mediators.

June 2026: Semiconductor stocks plummet, triggering circuit breakers in the South Korean stock market for two consecutive days. 1. Main causes: ① US economic data reinforces expectations of interest rate hikes; ② Excessive gains and concerns about AI investment returns lead to increased profit-taking pressure; ③ High-leverage trading amplifies stock price volatility (South Korea launched single-stock leveraged ETFs and other products on May 27, leading to a rapid expansion in trading volume). 2. Government response: On June 7, the Ministry of Economic Affairs and the Central Bank held an emergency meeting to strengthen monitoring of the financial and foreign exchange markets, announcing close monitoring of abnormal capital flows and market fluctuations. 3. Effects of the measures: The Korean won rebounded somewhat after the government's verbal intervention, but the KOSPI index still fell that day, indicating that foreign exchange intervention did not directly reverse the stock market sell-off. July 2026: Semiconductor stocks suffer another concentrated sell-off, triggering circuit breakers in the South Korean stock market for two consecutive days. 1. Main causes: ① Increased competition from Chinese memory chip companies impacts the South Korean semiconductor market; ② Concerns about the returns on US AI investments trigger a global sell-off in semiconductor stocks; ③ Excessive gains in the South Korean stock market in the previous period, concentration of heavyweight stocks, and expansion of leveraged trading amplify market volatility. 2. Government Response: Restrictions were placed on trading in single-stock leveraged ETFs, including suspending the listing of new single-stock leveraged ETFs and ETNs, significantly increasing minimum margin requirements, and further proposing measures to limit the investment scale of individual single-stock leveraged products and increase excessive transaction costs. 3. Effects of the Measures: In the short term, the measures failed to immediately reverse the sell-off. In the medium term, after the implementation of the regulations, the average daily turnover of single-stock leveraged products decreased significantly by approximately 90.6%, indicating a clear cooling down of the market.

European equity futures fell; EUROSTOXX 50 futures down 0.6%, DAX futures down 0.55%.