Market Overview - Major US indices showed positive performance with the Dow Jones Industrial Average up by 0.51% to 42,519.64, Nasdaq increased by 0.81% to 19,398.96, and S&P 500 rose by 0.58% to 5,970.37 [2] - European markets also experienced gains, with the European Stoxx 50 up by 0.38% to 5,375.70 and Germany's DAX 30 rising by 0.67% to 24,091.62 [2] - In Asia, the Hang Seng Index increased by 1.92% to 8,519.86, while the Indian Sensex fell by 0.78% to 80,737.51 [2] Steel and Aluminum Tariffs - The US government announced an increase in tariffs on imported steel and aluminum from 25% to 50%, effective from June 4, 2025 [3] - Tariffs on steel and aluminum imports from the UK will remain at 25% until a new agreement is reached by July 9 [4] South Korea's Political Landscape - Lee Jae-myung of the Democratic Party was confirmed as the President of South Korea with a vote share of 49.42%, while his main opponent received 41.15% [4] - Lee emphasized his commitment to boosting the economy and improving living standards from the moment of his election [4] Ukraine Conflict - Ukraine's security agency reported a successful underwater attack on the Crimean Bridge, marking the third assault on the structure [5] - The operation involved 1,100 kg of TNT, causing significant damage to the bridge's underwater supports without civilian casualties [5] US Economic Outlook - The OECD revised down its global economic growth forecasts for 2025 and 2026 to 2.9%, a decrease of 0.2 and 0.1 percentage points respectively [11] - The US economic growth forecast for this year was also lowered to 1.6%, down by 0.6 percentage points from previous estimates [11] Nvidia's Market Position - Nvidia regained its position as the world's most valuable publicly traded company with a market capitalization of $3.45 trillion, surpassing Microsoft [12] - The stock rose approximately 3% on the day, with a month-to-date increase of nearly 24% [12] Tesla's Sales Performance - Tesla's new car sales in the UK fell by 45.8% year-on-year in May, totaling 1,758 vehicles, despite an overall increase in new car registrations in the country [13] Volkswagen's Workforce Changes - Volkswagen announced that around 20,000 employees have agreed to voluntary departure as part of a restructuring plan to address uneven demand [14] - The company aims to reduce costs significantly at its Wolfsburg plant and accelerate its transformation [14] Semiconductor Industry Developments - Broadcom announced the delivery of its Tomahawk® 6 series switch chip, achieving a record industry capacity of 102.4 Tbps per chip, doubling the bandwidth of existing Ethernet switch products [14]

Group 1 - The midterm elections in the Philippines are viewed as a "midterm exam" for President Marcos and his government, potentially impacting the presidential election in three years [1] - The elections will involve the re-election of 12 out of 24 Senate seats, 317 House of Representatives seats, and various local officials, totaling over 18,200 positions [1] - The election results may significantly affect Vice President Sara Duterte's political future, especially regarding her potential candidacy in the 2028 presidential election [1] Group 2 - The Marcos family's electoral prospects are uncertain, with economic growth challenges possibly influencing voter sentiment [2] - A recent poll indicated that only 25% of respondents were satisfied with President Marcos's performance, highlighting potential vulnerabilities [2] - The arrest of former President Duterte has shifted public opinion, energizing his political base and complicating the Marcos administration's position [2]