Jay Qian

TradingKey - During Asian trading hours on June 26, SoftBank Group's stock price plummeted by over 14% intraday before closing down more than 12% at 6,226 yen, wiping out nearly 5.6 trillion yen in market value in a single day. The decline was triggered by reports that OpenAI, in which SoftBank holds a heavy $65 billion stake, has postponed its IPO as its financial deficit continues to widen. This sell-off comes shortly after SoftBank CEO Masayoshi Son asserted in an exclusive interview with CNBC: "The next golden track to birth a trillion-dollar company will be physical AI and humanoid robots."

TradingKey - Ahead of the US market open on June 26, Eastern Time, the three major US stock index futures fell across the board. As of press time, Dow futures were down 0.10%, Nasdaq 100 futures fell 1.08%, and S&P 500 futures declined 0.44%.

TradingKey - Volkswagen, Europe's largest automaker, is drawing up its most radical restructuring plan in nearly 90 years. According to multiple media reports, the company plans to lay off up to 100,000 employees over the coming years and shut down four of its domestic factories in Germany to cope with the compounding pressures of a slow electrification transition, high costs, and persistently weak demand in the European market. Meanwhile, the group plans to slash its capital expenditures by approximately 15% over the next five years, reducing it to over €130 billion.

TradingKey - The countdown has begun for the U.S. copper tariff decision. The U.S. Department of Commerce must submit its "Section 232" investigation report to the White House by June 30 to ultimately decide whether to impose import tariffs on refined copper.

TradingKey - On June 25, Eastern Time, just days after completing the largest-ever IPO, SpaceX (SPCX) once again delivered major news to the market. According to the Financial Times, citing four people familiar with the matter, SpaceX President and Chief Operating Officer Gwynne Shotwell stated during the IPO roadshow that the company is considering launching Starlink retail mobile services for U.S. consumers and may build its own terrestrial mobile network covering the United States.

TradingKey - On June 25, Eastern Time, Germany's Merck Group announced that it will acquire US life sciences company Bio-Techne (TECH) for $73 per share in an all-cash transaction, representing an enterprise value of approximately $11.3 billion.

TradingKey - On June 25 ET, in U.S. premarket trading, the three major stock index futures rose in unison. As of press time, Dow futures were up 0.24%, Nasdaq 100 futures climbed 2.16%, and S&P 500 futures gained 0.73%.

TradingKey - On June 25, Eastern Time, senior Iraqi oil officials pressured OPEC, demanding a significant increase in the country's production quota, warning that they would otherwise be "forced to consider all available options." Sources revealed that while Iraqi officials had seriously considered withdrawing from OPEC, the current plan is to remain within the organization and push for a higher quota.

TradingKey - After the market close on June 24, Eastern Time, following Micron Technology’s (MU) earnings release, JPMorgan Chase (JPM) immediately raised its price target from $550 to $1,540, maintaining an "Overweight" rating. This near-twofold upward adjustment reflects the bank's strong recognition of Micron's explosive earnings potential. Analyst Harlan Sur's upward revision was based on Micron's third-quarter revenue, gross margin, and earnings per share (EPS) all beating expectations.

TradingKey - On June 24, Eastern Time, global commodity markets experienced a broad sell-off, with precious metals and crude oil prices plunging in tandem. Spot gold (XAUUSD) fell over $100 intraday, breaking below $4,000 per ounce. As of press time, spot gold was trading at $3,968.62 per ounce, down 3.46%. Gold has fallen over 25% from its peak near $5,600 in January this year.

TradingKey - On June 24, Eastern Time, in U.S. pre-market trading, the three major stock index futures rose across the board. As of press time, Dow futures were up 0.06%, Nasdaq 100 futures rose 0.52%, and S&P 500 futures rose 0.27%.

TradingKey - On June 24, Seoul time, South Korea postponed the launch of its weekly individual stock options program, originally scheduled for June 29, which includes SK Hynix and Samsung Electronics. On the same day, Samsung Electronics stated that it is considering repurchasing approximately 90 trillion won of shares to distribute employee bonuses.

TradingKey - During the Asian trading session on June 24, SK Hynix officially submitted a securities registration statement to South Korea's Financial Supervisory Service, initiating the listing process for its American Depositary Receipts (ADRs) on Nasdaq. SK Hynix plans to raise up to 45 trillion won (approximately $29 billion) through the ADR issuance, with the proceeds to be used for domestic capacity expansion and the procurement of key equipment in South Korea.

TradingKey - On June 24, Eastern Time, ASML and the Netherlands Organisation for Applied Scientific Research (TNO) announced a partnership to jointly advance the industrialization of photonic integrated circuits. The two parties will engage in technical collaboration centered around TNO's photonic chip pilot line constructed at the High Tech Campus Eindhoven.

TradingKey - On June 24, Eastern Time, according to four people familiar with the matter, Qualcomm (QCOM) is in talks with ByteDance regarding custom chip design services. If negotiations succeed, ByteDance will become an early customer of Qualcomm's chip design services business.

TradingKey - On June 23, Eastern Time, the three major U.S. stock index futures fell collectively in premarket trading. As of press time, Dow futures (YM) fell 0.48%, S&P 500 futures (ES) dropped 1.32%, and Nasdaq 100 futures (NQ) slid 2.70%, shedding over 800 points.

TradingKey - During the Asian session on June 23, the precious metals market experienced a broad sell-off. Spot gold (XAUUSD) fell over 2% at one point to near $4,090 per ounce, while spot silver (XAGUSD) dropped over 5% at one point to $61.83 per ounce, with both hitting fresh lows since June 11.

TradingKey - On June 23, Eastern Time, independent energy company NatPower reached an agreement with Tesla (TSLA) to construct 25 GWh of battery energy storage facilities in Italy and the United Kingdom.

TradingKey - On June 22, Eastern Time, Brent crude closed down $2.67 at $77.90 per barrel, breaking below the $80 mark. During early trading, driven by geopolitical rhetoric and rumors of a blockade, prices had briefly surged to $82.30, but quickly reversed course and fell sharply as news of peace talks emerged.

TradingKey - On June 22, Seoul time, Lee Chan-jin, Governor of South Korea's Financial Supervisory Service, publicly stated that authorities are studying special regulatory measures for single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix. This statement marks the first time regulators have publicly responded to the associated risks through an official press conference hosted by the Governor since the products were listed at the end of May.