Coking coal front-month contract plunged 7.99% intraday to 1,340.50 yuan/ton, hitting the daily limit down.

BofA Securities urged caution on U.S. equities, saying about 70% of its bear‑market signals have been triggered—on par with historical levels seen near market tops—in a June 5 report from a strategy team led by Savita Subramanian. Seventeen of 20 S&P 500 valuation metrics show statistically significant overvaluation; eight exceed tech‑bubble levels. High‑P/E names have strongly outperformed low‑valuation stocks, which the strategists flag as a sign of excessive speculation. Within tech, the spread between best and worst quintiles is the widest since February 2000, and the three‑month return gap between the top 10% and bottom 10% of S&P constituents is at its highest post‑pandemic level. Subramanian added that cash‑conversion has stalled, supply of investment‑grade bonds and equity issuance is rising, buybacks as a share of market cap have fallen, and hyperscale cloud firms’ capex is forecast to approach 100% of operating cash flow by year‑end (vs. 40% in 2023).

Head of Ukraine's military says Ukrainian forces have retaken over 600 sq km of territory since early 2026.