Australia’s unadjusted consumer price index (CPI) fell 0.7% month-on-month in May. According to Jin10, the result compared with a market expectation of a 0.4% decline and a prior reading of a 0.4% increase.

Australia’s seasonally adjusted consumer price index (CPI) inflation rate was 4% year over year in May, down from 4.2% previously. According to Jin10, the latest reading indicates a slowdown from the prior reported rate.

Indonesia’s Financial Services Authority welcomed MSCI’s decision to maintain Indonesia’s emerging market status. According to Jin10, the regulator said it supported MSCI’s move to keep Indonesia classified as an emerging market.

The global cryptocurrency market cap now stands at $2.14T, down by -2.64% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $61,960 and $63,119 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,678, up by 0.25%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include HEI, SAHARA, and ALICE, up by 42%, 20%, and 20%, respectively. Top stories of the day: Asian Stocks Shake After Global Tech Selloff; MSCI Asia-Pacific Flat as South Korea Rebounds 2.2% Congress Passes Bill to Bar Federal Reserve CBDC Issuance Through December 31, 2030 Cboe Global Markets Launches New Prediction-Market Products, Including Binary Options on Mini S&P 500 Ethereum Foundation to Cut Budget by About 40% and Increase AI-Assisted Formal Verification Market News Today: Seoul's KOSPI Crashes 10% to Lead Asia's AI-Fuelled Rout — SpaceX Plunges 16%, Yen Hits 40-Year Low, Oil Falls on Iran Progress Bitcoin News Today: Bitcoin Falls Below $63,000 as AI Tech Selloff Drags Risk Assets Lower — KOSPI Crashes 6%, STRC Hits New Lows Market News: SpaceX Lost $600 Billion in Three Days — Nearly Half Bitcoin's Market Cap — While BTC Held Near $63,600 Altcoin News: Altcoin Season Signal Hits 86 — But It's Bitcoin Falling, Not Alts Rising, as KOSPI Crashes 10% and 200-Week SMA Breaks Market movers: NVDAB: $201.42 (-0.59%) SPCXB: $157.23 (+4.40%) MUB: $1091.3 (-3.02%) TSLAB: $384.72 (-2.45%) AMDB: $528.13 (+1.22%) INTCB: $135.07 (+3.98%) SNDKB: $2020.44 (-2.77%) ETH: $1667.67 (+0.81%) BNB: $576.55 (+0.52%) XRP: $1.098 (-0.66%) Top gainers on Binance: HEI/USDT (+42%) SAHARA/USDT (+20%) ALICE/USDT (+20%)

South Korea delayed a plan to launch weekly single-stock options on shares including SK Hynix Inc. and Samsung Electronics Co., according to Bloomberg. The postponement is the latest sign regulators are growing more cautious after wild swings in the country’s stock market.

Citi strategist Scott Chronert said investors could consider a barbell approach that combines exposure to the Nasdaq with allocations to small-cap equities. According to NS3.AI, Chronert also said Citi expects S&P 500 earnings per share of 350 this year, compared with a consensus estimate of 341.

Indonesia is set to allow a significant increase in nickel-mine production later this year, a move that would ease supply constraints for local smelters but add pressure to global prices for the battery metal, according to Bloomberg.

China’s major stock indexes opened lower on Wednesday, June 24. According to Jin10, the Shanghai Composite Index opened down 16.15 points, or 0.39%, at 4,090.10. The Shenzhen Component Index opened down 71.80 points, or 0.45%, at 15,782.40. The CSI 300 Index opened down 19.00 points, or 0.39%, at 4,900.38. The ChiNext Index opened down 10.29 points, or 0.25%, at 4,181.91. The STAR 50 Index opened down 19.87 points, or 1.04%, at 1,896.34.

Artificial intelligence is falling short of human advisers for many needs of the ultra-wealthy, according to a report from HSBC Holdings Plc, Bloomberg reported.

Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. is raising questions about filmmakers’ ability to reach audiences in the European Union, according to the bloc’s antitrust chief, Bloomberg reported.

Coinbase has launched its wrapped Bitcoin token, cbBTC, on the Solana blockchain, giving users a reliable alternative for Bitcoin in Solana's DeFi ecosystem. This move supports Coinbase’s goal of expanding beyond Ethereum, tapping into Solana’s fast-growing market where it ranks as the platform’s third most traded asset.