Eurozone HCOB Manufacturing PMI came in at 49.4, below expectations (49.8) in June

TradingKey - Latest market data show that last Friday (June 26), Micron (MU) experienced a pullback on the first trading day after releasing exceptionally strong earnings. The stock surged to an intraday high of $1,198.71 but later retraced to around $1,121.36, closing down 6.69% for the day. The price action indicates that due to overextended recent gains and rising profit-taking, the stock has begun to show signals of heavy profit-taking at these elevated levels.

NVIDIA (NVDA) starts the week at $192.76 in a descending channel with RSI at 31. Core PCE, AI capex updates, and key support levels could decide the next move toward $205.70.

TradingKey - On June 29, the latest reports indicate that South Korean President Lee Jae-myung will officially unveil a new national development strategy today, covering semiconductors, AI data centers, and the robotics industry. Samsung Group and SK Group are expected to announce an investment blueprint at the meeting, with a total scale of up to 2,000 trillion won (approximately $1.3 trillion) over the next decade. The plan will focus on advanced memory chips, HBM, high-end wafer fabrication, advanced packaging, and AI infrastructure construction. These initiatives will also receive supporting government assistance in power, water resources, transportation, and talent cultivation.

The KOSPI and Nikkei 225 indices continued to pull back, as Samsung Electronics, SK Hynix, SoftBank, and Kioxia fell across the board.

TradingKey - Heading into the second half of 2026, the gold market has transitioned from a strong performer early in the year to an asset undergoing a high-level correction. Recently, gold prices fell below the $4,000 threshold for the first time since November 2025, down approximately 29% from the all-time high of $5,597.91 reached in January. On the surface, gold seems to have entered a period of distinct weakness. However, looking at the full-year horizon, can gold still rise in 2026? The answer is that while short-term pressure persists, there are still opportunities for a medium-term recovery, and the long-term bullish thesis remains intact.