US Dallas Fed manufacturing new orders index for June 2.3, prior 6.4.

CNN cites a diplomatic source saying technical teams tasked with implementing a US‑Iran agreement plan to meet in Doha, Qatar, in the coming days; communication channels to de‑escalate incidents are in place and technical talks will continue, the source said. President Trump posted on social media Monday that US and Iranian negotiators will meet on Tuesday.

Samsung Electronics and SK Hynix have announced large-scale investment plans. Morningstar analyst Jing Jie Yu says SK Hynix’s Yongin semiconductor cluster carries total investment commitments of about 600 trillion won; if the new commitments are standalone investments, they could imply material oversupply risk over the next decade, a concern that pushed shares lower intraday. He retains a view that memory-chip pricing is cyclical over the long run, expects new capacity will take at least 2–3 years to come online, and that early output will likely be demand-accretive but later capacity peaks meeting slowing demand typically lead to oversupply. Yu adds that persistent shortages and large cash generation are driving a wave of capacity investment, but unless hyperscale cloud providers’ returns sustain volume and price growth across the cycle, that expansion is unlikely to be maintained over the next ten years.