Analysis

TradingKey - Following a broad sell-off last Friday, the U.S. memory stock sector staged a strong rebound in pre-market trading today, with Micron Technology (MU) gaining over 7%. Tesla (TSLA) CEO Elon Musk publicly expressed bullish views on Micron during an interview at JPMorgan Chase’s global headquarters, stating that "the real bottleneck lies in chip manufacturing capacity" and that Micron's current production capacity is far below actual demand.

TradingKey - The Nasdaq 100 is pulling back ahead of Kevin Warsh's first FOMC meeting as Fed Chair. Will AI fundamentals or Fed policy drive the next move?

TradingKey - On Monday Eastern Time, all three major U.S. stock index futures rose in pre-market trading as technology stocks recovered from last week's sell-off, with a rebound in chip stocks leading gains in Nasdaq futures. However, escalating tensions in the Middle East pushed oil prices higher, and market concerns regarding inflationary pressures and the Federal Reserve's policy path persist. As of press time, Dow futures rose 0.36%, S&P 500 futures rose 0.83%, and Nasdaq futures rose 1.49%.

TradingKey - As the AI wave continues to drive U.S. equities higher, debates over whether valuations have reached unsustainable levels are intensifying. Goldman Sachs (GS) noted in its latest research report that although some signs of overheating are emerging, key indicators show a significant gap between current market levels and the extremes seen during historical bubble periods. Meanwhile, Citigroup (C) has sharply raised its year-end 2026 S&P 500 target to 8,100, citing an "unprecedented" AI capex super-cycle.

TradingKey - During the European session on June 8, Gold (XAUUSD) extended its downward trend, breaking below $4,300 intraday to reach a low of $4,268.53. Technical analysis indicates that further downside potential has opened up, with the price potentially falling toward $4,100.

TradingKey - On June 8, Seoul time, Jun Young-hyun, head of Samsung Electronics’ chip division, stated that the company has held extensive discussions with Nvidia (NVDA) CEO Jensen Huang regarding foundry cooperation for next-generation chips and future technologies such as HBM4E and HBM5. Both parties are collaborating on autonomous driving chips at the 4nm and 8nm nodes, as well as in the field of Nvidia accelerator chips.

TradingKey - During Monday's Asian session, both spot and futures gold prices broke below the $4,300/oz support level. Spot gold hit an intraday low of $4,268.42, its lowest level since March 23, erasing all year-to-date gains.

TradingKey - The Federal Reserve will hold its interest rate meeting on June 16-17 ET. The market widely expects rates to remain unchanged, though officials may overall signal a hawkish stance.

TradingKey - Recently, Bitcoin (BTCUSD) prices have continued to decline, briefly falling below the $60,000 psychological level last Friday (June 5). The primary reason for the decline is the continuous capital outflows from the Bitcoin market, while rare selling by Strategy has further intensified downward price pressure.

TradingKey - During the Asian session on June 8, South Korean stocks plunged. The KOSPI index triggered a circuit breaker during intraday trading and closed down 8.29% at 7,484.41 points. The KOSDAQ index closed 9.08% lower at 911.39 points, having triggered a circuit breaker during the afternoon session.

TradingKey - Following the severe turbulence of last Friday's "Black Friday," Wall Street is awaiting the release of U.S. May Consumer Price Index (CPI) data this Wednesday with bated breath. Traders are widely concerned that the report could reveal the largest surge in inflation in years, potentially extinguishing market hopes for Federal Reserve rate cuts this year and significantly bolstering rate hike expectations.

TradingKey – Seoul, June 8. Impacted by a plunge of over 10% in the Philadelphia Semiconductor Index last Friday and mounting concerns over interest rate hikes, the KOSPI index tumbled more than 8% in early Monday trading, triggering a Level 1 circuit breaker and a 20-minute trading halt. Boosted by news of Nvidia’s collaboration with SK Group and LG Electronics, the decline narrowed to approximately 4.8% before noon; however, selling pressure intensified in the afternoon, sending the index below 7,500 points before the close.

TradingKey - During the Asian trading session on June 8, NVIDIA (NVDA) CEO Jensen Huang stated during a visit to the LG Twin Towers in Yeouido, Seoul, that NVIDIA is partnering with LG Group to jointly advance developments in humanoid robots, data centers, and the automotive sector.

TradingKey - Seoul, June 8: South Korean stocks plunged in early Monday trading as concerns over U.S. rate hikes and a global tech sell-off spread. The Korea Composite Stock Price Index (KOSPI) plummeted more than 8% at one point, triggering Level 1 circuit breakers. Meanwhile, NVIDIA (NVDA), SK Hynix, and SK Telecom announced several AI-related collaborations covering data centers, memory chips, and semiconductor manufacturing.

TradingKey - Tensions in the Middle East have escalated sharply once again. On the evening of June 7 local time, in response to Israeli airstrikes on the southern suburbs of Beirut, Lebanon, Iran launched at least three waves of ballistic missiles at the Israeli mainland. This marks Iran's first direct attack on Israeli territory since the ceasefire between the two nations on April 8.

TradingKey - Japanese and South Korean stock markets opened sharply lower on Monday (June 8), extending the panic from last week’s overnight plunge in U.S. tech stocks. The Nikkei 225 opened down 0.9% before losses widened rapidly, falling nearly 4% intraday to a low of 63,987 points, eventually rebounding after breaking below the 64,000 psychological level.

Macroeconomic Landscape: The U.S. manufacturing sector expanded for the fifth consecutive month in May, with the ISM Manufacturing PMI rising to 54.0, up Upcoming Events: The coming week will feature significant economic data releases, including the U.S. Consumer Price Index (CPI) for May on June 10

TradingKey - During the Asian session on the morning of June 8, South Korea's KOSPI Index saw its opening losses widen to 8.37%, falling below the 7,500-point integer mark. The Korea Exchange announced a 20-minute trading suspension as the KOSPI's plunge triggered circuit breakers. Heavyweight stocks collapsed across the board, with Samsung Electronics and SK Hynix both falling 10% intraday, leading the market lower.

Ripple’s outperformance of Bitcoin may only be a short-lived and incidental phenomenon. When the timeframe is extended to a year or longer, Bitcoin’s price performance typically surpasses that of Ripple. Furthermore, BTC serves as the liquidity core of the entire cryptocurrency market and possesses an immutable supply cap; this scarcity provides it with the strongest market consensus.

TradingKey - Since Elon Musk's aerospace company SpaceX filed on May 20, the market has been filled with anticipation for what could be the largest IPO in history. Investors currently generally expect its valuation to range between $1.75 trillion and $2 trillion. According to the latest media reports, SpaceX is expected to finalize its pricing on June 11 and list on the Nasdaq on June 12, 2026, under the ticker symbol SPCX. Based on the latest market news, the primary point of contention regarding this aerospace company is its multi-trillion-dollar valuation.