Global Stocks Fall as Tech Volatility Weighs | Bloomberg Brief 6/26/2026

Summary

Global equities fall weighed by tech and memory chip volatility after Apple's price hikes raised AI cost concerns. Oil extends declines as Strait of Hormuz shipping flows uninterrupted despite an attack. Priya Misra of JPMorgan Asset Management discusses Fed rate hike repricing and favors credit and long duration, while Neil Campling warns on Samsung, SK Hynix, and SoftBank.

• US futures lower, led by chip weakness after Apple price increases stoke AI demand worries.
• Korean market hits another circuit breaker, Samsung and SK Hynix sell off despite massive reported capex plans.
• SoftBank tumbles on reports OpenAI may delay its IPO to 2027.
• Oil falls below $70 as tanker traffic continues through the Strait of Hormuz after a vessel attack.
• Priya Misra sees a resilient economy, expects inflation to cool, likes corporate credit and long duration.
• Neil Campling flags memory oversupply risk and a potential headwind from AI chips using less memory.
• USMCA trade deal review approaches July 1 deadline, with agriculture heavily reliant on North American export markets.
• Volkswagen reportedly explores up to 100,000 job cuts and plant closures in restructuring push.