Swissquote senior analyst Ipek Ozkardeska said broad indices and pension funds are heavily tied to the AI theme: tech comprises roughly 40% of S&P 500 market cap, and three chipmakers account for more than 25% of MSCI Emerging Markets by market-cap weight. She called AI a market “core pillar” and warned that if the AI investment case falters it could trigger a marked equity correction. In the near term she expects the US rally to remain supported by seasonal factors and could extend through year

US and Iranian negotiators are discussing a phased deal in New York that would include Iran reopening shipping through the Strait of Hormuz and the US easing its economic blockade, according to sources. A first phase could restore transit while the US relaxes sanctions and Iran secures partial unfreezing of assets, but both sides are reluctant to yield existing leverage, a principal obstacle. Iran has signalled it prioritises relief from the blockade over insisting on transit fees; regional sources say any fee demand may be placed in a side letter rather than the main agreement, though Tehran would not cede claims over Strait management. Former US Iran negotiator Dennis Ross says a deal before November midterms is unlikely but both sides have incentives to press talks because reopening Hormuz would cool Gulf tensions and reduce oil-price upside. Gulf states are pushing for restored shipping freedom and a diplomatic path to avoid the waterway becoming a persistent bargaining chip.

烏克蘭總統澤連斯基：烏克蘭已襲擊俄羅斯在烏里揚諾夫斯克的防務企業。