US April CPI exceeded expectations, dashing hopes for rate cuts. Market expects a rate hike in December, but some institutions are still betting on a rate cut this year. Japanese government bond yields hit a historic high, South Korea's stock market rebounded after 'AI dividend' panic, and China's ChiNext Index broke through 4,000 points. Semiconductor sector plummeted, Goldman Sachs warned about leveraged ETF risks, and tech investors are drawing parallels to the 1998 internet bubble. Bitcoin is fluctuating around $80,000, with bulls and bears locked in a stalemate.