[Mizuho Securities: Global Financial Markets May Face a 'Triple Blow'] According to a report by Jinse Finance on July 20, Vishnu Varathan, Head of Macro Strategy for Asia-Pacific at Mizuho Securities, pointed out that global financial markets may face a 'triple blow.' First, the escalation of the U.S.-Iran conflict is teetering on the brink of triggering a war in the Middle East. Second, concerns over overheated valuations in the AI sector are sparking panic within the AI field. Third, the Federal Reserve has adopted a hawkish stance due to worries about persistently high inflation. Given these three shocks, the threat of a summer crash akin to a scorching heatwave cannot be ignored.