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Ukrainian President Zelensky: In Odessa, a Russian missile attack on a residential building at night killed two people and injured five others, including three children.
UK Maritime Trade Action Office: Crew safety, no environmental impact reported.
The UK Maritime Trade Action Office: received reports that an oil tanker was hit by an unidentified aerial object 19 nautical miles east of Khasab, Oman.
Tasnim News Agency: An Iranian citizen was killed in a US attack on the Chabahar port.
As investors worry about whether the artificial intelligence-driven rally can be sustained and have lifted previously accumulated leverage on technology stocks, the stock price of Japanese memory manufacturer Kioxia Holdings fell by more than 16% on Friday. Asian stock benchmarks fell broadly, with artificial intelligence-related stocks suffering a sharp sell-off. NI225 once fell by more than 6%, hitting an intraday low in more than a month; Taiwan's weighted index closed down nearly 6.5%. South Korea's stock market was closed for a holiday. Stock indexes in Australia, Hong Kong and Singapore also fell. Kioxia once hit the daily limit, dragging down Tokyo stocks. As one of the important beneficiaries of the AI market, the market value of memory chip manufacturer Kioxia has risen sharply this year, once reaching 60 trillion yen (approximately US$369.5 billion). However, as the stock price fell sharply on Friday, Kioxia's market value shrank to 28 trillion yen. Compared with the intraday historical high hit on June 22, its stock price has been cut by half. JPMorgan Chase’s quantitative strategy team stated that the market has become overly pessimistic again recently. Views such as "the AI boom is about to end" and "the AI bubble is bursting" have received renewed attention. The team pointed out in the latest report: "Although the supply and demand adjustment of AI concept stocks may be coming to an end, those AI stocks that rely on market sentiment and funds to drive their rise may still need more time. Only when these pessimistic narratives are fully released can they truly bottom out."
Volvo Cars Chief Financial Officer: The impact of high oil prices and raw material prices will begin to appear in the second half of this year.

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