India’s market regulator SEBI said in a 109-page interim order on June 3-4 that Bengaluru-based jewellery maker Rajesh Exports Ltd (REL) misrepresented about ₹15.15 trillion ($158.3 billion) of revenue across fiscal 2020-21 to 2024-25. SEBI said roughly 97–99% of consolidated revenue was reported from overseas subsidiaries—notably Switzerland’s Valcambi SA—while standalone audited statements showed negligible operating income. The regulator flagged non‑genuine entries, including mirrored sales and purchases with an entity that denied transactions, and alleged routing of company funds (about ₹3.39 billion) into promoter Rajesh Mehta’s personal accounts and other undisclosed related‑party transfers totaling roughly ₹9.26 billion. SEBI estimated shareholder wealth erosion at ₹127.26 billion and has barred the company and Mehta from the securities market pending further probe. The order cites repeated non‑cooperation, limited access to accounting systems and gaps in documentation; SEBI has directed full cooperation within 30 days, ordered a fresh forensic audit and taken interim market restrictions. Shares hit the 5% lower circuit on June 4 amid investor concern; institutional holdings including insurer exposure were noted by market commentators.

TSMC’s chief executive C.C. Wei told shareholders at the company’s annual meeting in Hsinchu that robust adoption of AI across consumer, enterprise and sovereign applications will sustain strong demand for advanced semiconductors and computing power over the next several years. Wei said customers remain optimistic about AI, though TSMC is watching rising component costs and warned it will take a “very long time” for U.S. production to fully meet American customers’ needs. The company has raised its revenue outlook and is stepping up capital spending to expand capacity, including major investment plans in U.S. fabs. TSMC highlighted steep year-on-year gains in employee profit-sharing—around 30% increases for 2024 and 2025 and projected again for 2026—and pointed to a marked share-price rally over the past year. Market-focused outlets noted analyst and valuation commentary that the company faces supply constraints that could keep advanced-node pricing power high, while some investors flagged elevated valuation metrics and recent share volatility tied to customer outlooks.

Broadcom Inc. shocked markets on June 3–4, 2026 after reporting fiscal Q2 results that, while showing explosive AI growth, failed to meet sky-high investor expectations. Revenue rose 48% year‑on‑year to a record $22.19 billion and non‑GAAP EPS was $2.44. AI semiconductor sales jumped 143% to $10.8 billion, and management reported bookings above $30 billion. But Broadcom’s third‑quarter AI revenue guide of about $16.0 billion and consolidated revenue guidance of roughly $29.4 billion fell short of the most aggressive street forecasts, and the company kept its long‑term AI revenue target (above $100 billion in fiscal 2027) unchanged. Shares plunged about 12–13% in after‑hours trading, wiping out roughly $285–$300 billion of market value and dragging US and Asian tech stocks lower. Analysts flagged intensifying competition from Nvidia and Marvell, strained supply at TSMC and other component lead‑time risks. Institutional filings on June 4 show large funds both adding to and trimming Broadcom positions ahead of and after the report; the stock still carries a high forward valuation amid mixed analyst price‑target moves.

DeepSeek, China’s highest-profile AI startup, is set to raise about 50 billion yuan ($7.4 billion) in its maiden financing round, people familiar with the matter said on June 3, 2026. The round — expected to close within weeks — could value the company at roughly 350 billion to 400 billion yuan ($52 billion to $59 billion). Founder Liang Wenfeng has committed roughly 20 billion yuan, while technology conglomerate Tencent and battery maker CATL are reported to be among the largest external backers, with Tencent considering about 10 billion yuan and CATL about 5 billion yuan. The round also involves the state-backed National Artificial Intelligence Industry Investment Fund and other strategic investors. The fundraising marks a reversal of DeepSeek’s prior no-external-capital stance and ranks among China’s largest private tech financings, although it remains smaller than recent massive raises by U.S. rivals. Executives say proceeds will support next-generation agent-focused models and expanded computing capacity even as export limits on frontier U.S. chips constrain hardware access.

Global oil prices eased on June 4 after Israel and Lebanon announced an agreement to implement a ceasefire, reducing near-term regional escalation risk and boosting hopes for a broader U.S.-Iran de-escalation that could reopen the Strait of Hormuz. Brent futures were down about 0.89% at $96.92 a barrel and U.S. West Texas Intermediate fell roughly 0.81% to $95.24 by 0458 GMT. Markets had earlier jumped following renewed Middle East hostilities, including Iranian strikes on Kuwait and U.S. military action near the Strait. Analysts warned the détente remains fragile: the truce is reported to be conditional on Hezbollah ceasing hostilities and broader U.S.-Iran negotiations are ongoing. Supply-side concerns persist after U.S. crude inventories unexpectedly dropped by 8 million barrels to 433.7 million for the week to May 29, and the IEA cautioned that global stocks could reach critically low levels ahead of peak summer demand. Energy consultancy ING noted inventories are likely to tighten into the third quarter, leaving upside risk to prices even if flows through Hormuz resume slowly.

Gold prices moved higher on June 4 as a softer U.S. dollar and easing oil prices lifted demand for the safe-haven metal amid renewed hopes of de‑escalation in the U.S.-Iran conflict. Spot gold was up about 0.7% at $4,464.69 an ounce and U.S. August futures gained near $4,491.70, reversing losses from the prior session when bullion fell as investors priced in higher interest-rate risks. Markets had been hit on June 3 by renewed Middle East hostilities—an Iranian strike that damaged Kuwait’s airport and U.S. strikes near the Strait of Hormuz—which pushed oil and the dollar higher and weighed on gold. Comments from New York Fed President John Williams that Fed policy need not change for now and a ceasefire between Israel and Lebanon helping ease some risk premiums also supported bullion. Other metals moved similarly: silver around $73–74, platinum and palladium posting modest gains.