Affected by the ruling of the US Supreme Court in the Cook case, tech stocks fell and US Treasury yields rose.

Glonghui June 29｜The S&P 500 Index briefly turned negative as the Information Technology sector weakened; the Nasdaq 100 Index fell 0.3%, and the Philadelphia Semiconductor Index dropped by about 3%. The US Supreme Court ruled that during the relevant litigation, Federal Reserve Governor Lisa Cook can temporarily remain in her position, leading to a slight uptick in US Treasury yields. This ruling dealt a major blow to US President Trump's attempt to remove Cook from the Federal Reserve Board.