The People's Bank of China conducted no open market operations, indicating ample liquidity in the financial system. Market interest rates have eased since early June, and fiscal spending is expected to further support liquidity in June. Meanwhile, major US stock indices closed lower, with tech giants like Nvidia and Microsoft experiencing significant drops, while some Chinese tech stocks also saw declines. AI
RANK_REASON The article discusses financial market commentary and stock performance rather than a core AI event.
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