Asian stocks rise, Brent drops 7.4% as US-Iran strikes pause
Why it matters: Easing fears around the Strait of Hormuz lifted risk assets and shifted focus back to this week's Fed decision.
Bloomberg, The Business Times (Singapore) +1
Subject
#Nasdaq 100
South Korea’s Kospi swings now steer global AI chip stocks
Why it matters: The Kospi’s 60-day correlation with the Nasdaq 100 has climbed to 0.46, near a two-year high and almost triple its five-year average.
Asian stocks slide as chip selloff hits Nikkei, TSMC and futures
What's new: MSCI's Asia-Pacific gauge fell 2.1%, Brent neared $85 a barrel and Taiwan Semiconductor sank more than 4%.
Bloomberg, MarketWatch
Asian stocks fall as chip sell-off deepens; Nikkei drops 4.4%
What's new: Brent neared $85 a barrel and was up 12% for the week as Middle East tensions and weaker Hormuz shipping stoked inflation fears.
Bloomberg, CNBC
SpaceX falls below $135 IPO price in 4-day losing streak
What's next: upcoming earnings could trigger lockup expirations, raising the risk of more selling by early investors.
CNBC, The Business Times (Singapore)
SpaceX enters Nasdaq 100, setting up $4.3 billion in fund buying
What's new: Wall Street banks began coverage as the quiet period ended, while options traders stayed heavily tilted toward calls.
Bloomberg, CNBC +1
Samsung, SK Hynix sink 8.3% as Asian tech sell-off hits Kospi
Why it matters: The Kospi dropped 6.7% as investors rotated out of chip stocks despite Samsung’s profit surge.
SpaceX enters Nasdaq-100 with 1% weight as options frenzy holds
Why it matters: SpaceX’s 92 implied volatility could nudge QQQ swings, though Nasdaq caps low-float stocks to limit the effect.
Bitcoin falls below $62,000 as tech selloff hits risk assets
What's new: US spot Bitcoin ETFs have bled $2.4 billion in June, while Ether, Solana and XRP also slid.
SpaceX nears $2.75 trillion value, topping Amazon after IPO jump
What's next: Nasdaq 100 inclusion and index additions later this month could force passive funds to buy more shares.
Asian stocks slip as Fed decision nears and tech shares retreat
Why it matters: Traders are split between rate cuts and hikes, while lower oil prices have eased some inflation fears.
Tech rout, Bitcoin slide test demand ahead of SpaceX IPO
Why it matters: A 5% Nasdaq 100 drop and Bitcoin falling below $60,000 could drain retail cash from what may be a record IPO.