Chip, Storage Shares Jump. Super Micro Soars 12%; ARM Holdings, Credo up Around 3%; Micron, SOXL, SanDisk up Around 2%; Qualcomm, AMD, ASML up Around 1%

TradingKey - During the Asian trading session on the morning of June 15, Asia-Pacific equity markets extended their strong rally. The Nikkei 225 Index opened 1.30% higher, with gains quickly expanding. It touched 69,200 points for the first time intraday, breaching the 69,000 psychological mark, and closed up 4.84%.

TradingKey - Virgin Galactic plunged 32% after SpaceX's historic IPO as investors rotated into the new space giant. Can the Delta-class program and upcoming Q3-Q4 milestones revive the SPCE investment story?

TradingKey - The Federal Reserve will convene the FOMC meeting on June 16-17 Eastern Time, announcing its interest rate decision and latest economic projections on June 17. The current target range for the federal funds rate stands at 3.50% to 3.75%. Based on the latest U.S. CPI and non-farm payroll data, the most likely outcome of the June meeting is to keep interest rates unchanged while signaling a more hawkish policy stance.

TradingKey - Rocket Lab fell after the SpaceX IPO, but investors may be overlooking a larger catalyst. Nasdaq-100 inclusion on June 22 could bring fresh institutional demand as RKLB's backlog reaches a record $2.2 billion.

SpaceX SPCX closed its first trading day at $161.11, up 19% from the $135 IPO price, hitting an intraday high of $176.52. MSCI index inclusion begins June 13. Here's what SpaceX stock investors should watch next: lockup, Q2 earnings, Starlink growth, and xAI capex.