Kyiv city government said a Russian airstrike killed 3 and injured 5.

S&P 500 exited the summer selloff about a month ago and has resumed record highs. By contrast, the Nasdaq-100 remained roughly 4% below its June 2 record as of last week’s close, the last of the major U.S. indices yet to reclaim its peak. The lag reflects about 10 months of market divergence that has reshaped index leadership and return dispersion. Timeline: Nasdaq-100 peaked on Oct. 29 and began to unwind; by mid-December the S&P 500 had returned to fresh highs while Nasdaq-100 failed to regain its record by late January; a spring selloff temporarily synchronized declines and near-term bottoms, with each index completing its rebound within a day of the other; a June chip-stock rout became the watershed, leaving the S&P relatively stable while the Nasdaq-100 remained under pressure. Market discussion of the split may have intensified in June, but the divergence has persisted for roughly ten months.

Hangzhou's draft 15th Five-Year financial development plan seeks designation as a pilot city for AI application in the financial industry and aims to accelerate AI commercialization in finance. The plan promotes fintech clustering, encourages financial institutions and major tech firms to establish fintech R&D centers and innovation platforms in the city, and calls for a digital public-service platform for the securities and futures sector. It supports multi-party fintech joint labs and incubators and backs financial institutions and fintech firms to develop AI+finance core and frontier technologies to generate leading IP. The plan also proposes a data‑element finance initiative that, leveraging a Hangzhou corpus, would build a trusted financial-data space to supply high-quality financial text/corpus and drive AI industry applications in finance.