Analysis

TradingKey - During the Asian trading session on June 18, South Korea's KOSPI Index broke above the key 9,000-point level for the first time in history, rising over 1.5% intraday, with its year-to-date cumulative gains now exceeding 110%.

TradingKey - On Wednesday, June 17 (Eastern Time), the Federal Reserve decided to keep the federal funds rate unchanged, marking the FOMC's fourth pause since 2026. This was the debut FOMC meeting for the Fed's new Chair, Kevin Warsh. The post-meeting statement was extremely brief, consisting of only three paragraphs and approximately 114 words.

TradingKey - On June 18, Seoul time, SK hynix announced that it has supplied samples of 12-layer stacked HBM4E to major customers. The company stated that, leveraging the development capabilities and mass production experience accumulated from previous generations of HBM, the sample delivery is progressing as planned. Moving forward, it will work closely with customers to ensure timely mass production.

TradingKey - On Wednesday Eastern Time, US media outlet Axios, citing two US officials, reported that the United States and Iran have remotely signed a memorandum of understanding aimed at ending the war and opening the Strait of Hormuz, with the agreement now in effect.

TradingKey - On June 17, Eastern Time, the Federal Reserve’s dot plot sent a strongly hawkish signal. Renewed expectations of interest rate hikes weighed on the market, causing all three major indices to decline, with the Nasdaq falling for the second consecutive day.

TradingKey - During the Asian trading session on June 18, both Japanese and South Korean stock markets edged higher in early trading. The Nikkei 225 Index opened at 70,163.71 points, up 0.37%, while the Korea Composite Stock Price Index (KOSPI) opened 0.2% higher at 8,884.92 points.

TradingKey - On June 17, Eastern Time, the Federal Reserve's dot plot sent a clear hawkish signal. Reignited rate hike expectations put the market under pressure, causing all three major indices to close lower. By the close, the Dow Jones Industrial Average fell 0.98% to 51,492.55 points; the Nasdaq Composite Index fell 1.34% to 26,021.66 points; and the S&P 500 Index fell 1.21% to 74,201.10 points.

TradingKey - The monetary policy meeting chaired by newly appointed Fed Chair Kevin Warsh has concluded, with the Federal Open Market Committee (FOMC) keeping the interest rate range unchanged at 3.5%-3.75%, as widely expected. The key focus of this meeting was not the interest rate decision itself, but rather Warsh's first round of systemic adjustments to the Fed's policy framework and communication style. The first FOMC policy statement underwent a radical overhaul, totaling only about 130 words—slashed by more than half from the previous conventional length of over 300 words—marking the first clear signal of a shift in the Fed's communication mechanism under Warsh's leadership.

TradingKey - On June 17, Eastern Time, the Federal Reserve's latest interest rate decision statement indicated that it chose to hold rates steady at this policy meeting, maintaining the federal funds rate in the 3.50%–3.75% range, while keeping the monetary policy framework of ample reserves in the banking system unchanged. The interest rate dot plot released alongside this Fed rate decision sent a clear hawkish signal. The median rate in the dot plot was recorded at 3.8%, a significant upward revision from the March projection of 3.4%.

TradingKey - The two major crude oil benchmarks spiked in short-term trading after US President Trump stated that military strikes against Iran could resume. According to media reports, Trump said on Wednesday that the current memorandum of understanding reached with Iran is not a final agreement, and the US may resume military strikes against Iran if he is dissatisfied with the progress of the agreement.

TradingKey - On June 16, during early US trading, SpaceX (SPCX) reversed its earlier gains. As of press time, it was down 3.85% at $194.03, bringing its latest market capitalization to $2.57 trillion, temporarily ranking as the sixth-largest company in the US. During yesterday's session, SpaceX's ma

TradingKey - SpaceX, the space exploration technology company under US tech giant Elon Musk, announced that it will acquire Anysphere, the parent company of AI code editor Cursor, for $60 billion. This transaction marks another major move by SpaceX in the artificial intelligence sector and will further consolidate the leading position of Musk's companies in the tech industry.

TradingKey - SpaceX SPCX hit an intraday high of $225.64 on June 16 before pulling back to $205.96. Former Nasdaq CEO Robert Greifeld says SPCX trades on aspiration, not fundamentals. RKLB joins Nasdaq-100 in 5 days. Fib target $222.80.

Tradingkey - On Wednesday Eastern Time, data released by the U.S. Census Bureau showed that U.S. retail sales rose 0.9% month-on-month in May, significantly higher than the market expectation of 0.5%. Retail and food services sales in May reached $763.7 billion, up 6.9% year-on-year. Meanwhile, the retail sales growth from March to April was revised down to 0.4% from the previously reported 0.5%.

TradingKey - On Wednesday Eastern Time, US stock index futures were mixed in pre-market trading, as the broader market maintained a cautious yet firm tone. Investors are awaiting the Federal Reserve's June interest rate decision, as well as the inaugural press conference of the new Fed Chair, Kevin Warsh. While a temporary US-Iran agreement recently triggered a sharp decline in oil prices, easing market anxieties over energy inflation, investors continue to assess the implementation details of the deal and whether the Federal Reserve will deliver more hawkish interest rate signals.

TradingKey - During Wednesday's US premarket trading, Intel (INTC) shares recorded a significant rebound, driving a collective rally among core semiconductor stocks, including Marvell (MRVL), Lam Research (LRCX), and Micron (MU).

TradingKey - Apple AAPL at $298.99, consolidating at EMA50 in ascending channel ahead of the Warsh FOMC decision. Q2 FY2026: $111.2B revenue, Services $31B ATH. RSI 53.54 neutral. Fib target $317.45.

TradingKey - As of June 16, Eastern Time, the Tema Space Innovators ETF (NASA) has delivered a cumulative return of approximately 32.7% since its listing on March 31. Leveraging its unique positioning as "the first pure-play space ETF to offer indirect exposure to pre-IPO SpaceX equity," the fund attracted over $3 billion in capital in just over two months, surpassing established peers to become the world's largest space-themed ETF. However, following SpaceX's (SPCX) IPO on June 12 and its subsequent surge of around 50% in the first three trading days, NASA's scarcity premium is rapidly eroding. Its share price has pulled back to $31.98 from an all-time high of $42.68 in late May, dropping over 9% on the first trading day post-IPO. The fund's future trajectory has now become a key focus for the market.

SpaceX's $60 billion acquisition of Cursor means FTX has once again missed out on a massive return, but it also validates SBF's unique investment vision.

TradingKey - Last weekend, in response to US government export control directives, AI startup Anthropic abruptly cut off all user access to its top-tier AI models, Fable and Mythos 5. Investors have begun turning their attention to open-source AI models that enterprises can deploy themselves, free from the impact of external regulations—when models run on an enterprise's own servers, no political disputes can disrupt the service.