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BlockBeats News, June 1st, "Stock God" Serenity posted, stating that the recent downturn in the photonics sector was mainly due to "follow-the-leader" algorithmic trading on a leading exchange. Looking at the stock performance of laser and optoelectronic module companies such as AAOI and Sivers, market sentiment was largely influenced by the trend of Coherent (LITE), rather than changes in individual stock fundamentals. It pointed out that although the fundamentals of some companies have continued to improve, such as Applied Optoelectronics (AAOI) with progress in business related to clients like AMD and NVIDIA, their high Beta nature made them more vulnerable to algorithmic selling during an industry-wide adjustment. Serenity also revealed that Sivers may announce more optoelectronic module customer collaboration information in the future. Serenity stated that it does not recommend participating in short-term trading with violent fluctuations of 20%-30% in such individual stocks but rather prefers to hold long-term positions in core beneficiary companies in the photonics industry chain. This is because of their optimism regarding the exponential growth prospects of the industry's Total Addressable Market (TAM).

Saudi Arabia's Al Arabiya TV, citing sources, reported that a large oil tanker flying the Panama flag exploded while operating in Iraqi territorial waters.

This week, a series of labor market data will be released, starting with tomorrow's Job Openings and Labor Turnover Survey. According to average expectations, Wednesday's ADP report is expected to show an increase in private sector hiring. The employment growth on Friday is expected to slow down, with the unemployment rate remaining steady at 4.3%. West Texas Intermediate crude oil rose by 3%, returning to $90. The US Dollar Index rose by 0.1%. The 10-year Treasury yield stood at 4.453%, virtually unchanged from Friday's 4.452%. The 2-year Treasury yield increased from 4.013% to 4.033%.