Source: Yahoo Finance
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Yahoo Finance
Micron Rockets 8%, Western Digital Surges 7%, SanDisk Pops 6% in Memory-Stock Snap-Back
Memory and storage names are leading the tape in early Monday trading, snapping back hard from Friday’s brutal selloff. Micron Technology (NASDAQ:MU) stock is up 8% to $935, while Western Digital (NASDAQ:WDC) and SanDisk (NASDAQ:SNDK) are also rallying sharply.…
#HKMarketUpdate
China stocks rebound as chipmaker selloff lures bargain hunters; Hong Kong steady
Jun 9, 2026, 16:36 GMT+8
China stocks bounced on Tuesday, while Hong Kong shares steadied, as bargain hunters pounced on battered chipmakers following Monday's rout, with sentiment supported by an overnight rebound on Wall Street.
** The large-cap CSI300 Index 3399300 rose 1.9% while the Shanghai Composite Index 000001 gained 1.3%. Both gauges slumped to two-month lows on Monday.
** In Hong Kong, the Hang Seng Index HSI ended down 0.4%.
** Asia markets (.MIAPJ0000PUS) rallied after Wall Street saw some support from a bounce in technology stocks.
** China's stronger-than-expected trade data, and news that Iran and Israel had halted attacks on each other also aided sentiment.
** "Valuation and risks in AI stocks are rising, but we're not yet entering the 2000-style bubble burst,” Guangfa Securities said in a report. "The AI sector is being supported by real capital expenditure and profit."
** Some see the recent selloff in China's tech stocks as a good buying opportunity.
** Investor sentiment was also buoyed by news that ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering, joining rival Anthropic in a push toward the stock market.
** China's STAR Semiconductor Index (.CSI950125) surged 8% on Tuesday, while the CSI Semiconductor Industry Index (.CSI931865) jumped 6%.
** The CSI Artificial Intelligence Index 9930713 gained 3.4% and Hong Kong-listed chip-makers (.HSIT) also rebounded sharply.
** Investors largely ignored news that the U.S. on Monday added Chinese tech firms Alibaba BABA and Baidu BIDU as well as automaker BYD 002594 to a list of companies it believes are aiding Beijing's military.
** Energy shares in both China 000908 and Hong Kong (.HSMOGI) slumped as oil prices eased amid Middle Eastern developments.
https://www.tradingview.com/news/reuters.com,2026:newsml_L1N42H08A:0-china-stocks-rebound-as-chipmaker-selloff-lures-bargain-hunters-hong-kong-steady/
China stocks rebound as chipmaker selloff lures bargain hunters; Hong Kong steady
Jun 9, 2026, 16:36 GMT+8
China stocks bounced on Tuesday, while Hong Kong shares steadied, as bargain hunters pounced on battered chipmakers following Monday's rout, with sentiment supported by an overnight rebound on Wall Street.
** The large-cap CSI300 Index 3399300 rose 1.9% while the Shanghai Composite Index 000001 gained 1.3%. Both gauges slumped to two-month lows on Monday.
** In Hong Kong, the Hang Seng Index HSI ended down 0.4%.
** Asia markets (.MIAPJ0000PUS) rallied after Wall Street saw some support from a bounce in technology stocks.
** China's stronger-than-expected trade data, and news that Iran and Israel had halted attacks on each other also aided sentiment.
** "Valuation and risks in AI stocks are rising, but we're not yet entering the 2000-style bubble burst,” Guangfa Securities said in a report. "The AI sector is being supported by real capital expenditure and profit."
** Some see the recent selloff in China's tech stocks as a good buying opportunity.
** Investor sentiment was also buoyed by news that ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering, joining rival Anthropic in a push toward the stock market.
** China's STAR Semiconductor Index (.CSI950125) surged 8% on Tuesday, while the CSI Semiconductor Industry Index (.CSI931865) jumped 6%.
** The CSI Artificial Intelligence Index 9930713 gained 3.4% and Hong Kong-listed chip-makers (.HSIT) also rebounded sharply.
** Investors largely ignored news that the U.S. on Monday added Chinese tech firms Alibaba BABA and Baidu BIDU as well as automaker BYD 002594 to a list of companies it believes are aiding Beijing's military.
** Energy shares in both China 000908 and Hong Kong (.HSMOGI) slumped as oil prices eased amid Middle Eastern developments.
https://www.tradingview.com/news/reuters.com,2026:newsml_L1N42H08A:0-china-stocks-rebound-as-chipmaker-selloff-lures-bargain-hunters-hong-kong-steady/
TradingView
China stocks rebound as chipmaker selloff lures bargain hunters; Hong Kong steady
China stocks bounced on Tuesday, while Hong Kong shares steadied, as bargain hunters pounced on battered chipmakers following Monday's rout, with sentiment supported by an overnight rebound on Wall Street.** The large-cap CSI300 Index SZSE:399300 rose 1.9%…
#SgMarketUpdate
Singapore stocks close higher after rebound of global chipmakers; STI up 1.2%
Singapore stocks ended higher on Tuesday (Jun 9) on a rebound by global tech counters, in the wake of a steep sell-off earlier last week.
The benchmark Straits Times Index (STI) gained 1.2 per cent or 59.58 points to finish at 5,023.25.
Across the broader market, gainers outnumbered losers 344 to 231, after 1.4 billion securities worth S$2.1 billion changed hands.
Thai Beverage : Y92 +3.53% led the gainers on Singapore’s blue-chip index, ending 3.5 per cent or S$0.015 up at S$0.44.
As for the worst performer among STI constituents, Yangzijiang Shipbuilding : BS6 -0.87% declined 0.9 per cent or S$0.03 to finish at S$3.41.
The three local banks were a sea of green. DBS : D05 +1.59% gained 1.6 per cent or S$1.00 to close the day at S$63.76, and OCBC : O39 +1.71% rose 1.7 per cent or S$0.40 to S$23.80. UOB : U11 +1.56% was up 1.6 per cent or S$0.59 at S$38.38.
Key regional indices were mixed.
Hong Kong’s Hang Seng Index lost 0.4 per cent, and Japan’s Nikkei 225 index rose 2.2 per cent.
South Korea’s Kospi was up 8.2 per cent, and the FTSE Bursa Malaysia KLCI declined 0.2 per cent.
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-after-rebound-global-chipmakers-sti-1-2
Singapore stocks close higher after rebound of global chipmakers; STI up 1.2%
Singapore stocks ended higher on Tuesday (Jun 9) on a rebound by global tech counters, in the wake of a steep sell-off earlier last week.
The benchmark Straits Times Index (STI) gained 1.2 per cent or 59.58 points to finish at 5,023.25.
Across the broader market, gainers outnumbered losers 344 to 231, after 1.4 billion securities worth S$2.1 billion changed hands.
Thai Beverage : Y92 +3.53% led the gainers on Singapore’s blue-chip index, ending 3.5 per cent or S$0.015 up at S$0.44.
As for the worst performer among STI constituents, Yangzijiang Shipbuilding : BS6 -0.87% declined 0.9 per cent or S$0.03 to finish at S$3.41.
The three local banks were a sea of green. DBS : D05 +1.59% gained 1.6 per cent or S$1.00 to close the day at S$63.76, and OCBC : O39 +1.71% rose 1.7 per cent or S$0.40 to S$23.80. UOB : U11 +1.56% was up 1.6 per cent or S$0.59 at S$38.38.
Key regional indices were mixed.
Hong Kong’s Hang Seng Index lost 0.4 per cent, and Japan’s Nikkei 225 index rose 2.2 per cent.
South Korea’s Kospi was up 8.2 per cent, and the FTSE Bursa Malaysia KLCI declined 0.2 per cent.
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-after-rebound-global-chipmakers-sti-1-2
The Business Times
Singapore stocks close higher after rebound of global chipmakers; STI up 1.2%
Across the broader market, gainers outnumber losers 344 to 231 Read more at The Business Times.
Meta funds skilled trades jobs programme for AI data-centre buildout
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-funds-skilled-trades-jobs-programme-ai-data-centre-buildout
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-funds-skilled-trades-jobs-programme-ai-data-centre-buildout
The Business Times
Meta funds skilled trades jobs programme for AI data-centre buildout
Graduates will receive guaranteed employment offers, the company says Read more at The Business Times.
US says BYD, Baidu, Alibaba and other tech giants are aiding China’s military
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/us-says-byd-baidu-alibaba-and-other-tech-giants-are-aiding-chinas-military
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/us-says-byd-baidu-alibaba-and-other-tech-giants-are-aiding-chinas-military
The Business Times
US says BYD, Baidu, Alibaba and other tech giants are aiding China’s military
The new list mirrors February’s withdrawn version, but now includes chipmakers CXMT and YMTC Read more at The Business Times.
SpaceX IPO fever sparks hunt for proxy plays in Asia
https://www.businesstimes.com.sg/international/global/spacex-ipo-fever-sparks-hunt-proxy-plays-asia
https://www.businesstimes.com.sg/international/global/spacex-ipo-fever-sparks-hunt-proxy-plays-asia
The Business Times
SpaceX IPO fever sparks hunt for proxy plays in Asia
Asian retail investors scramble to gain exposure Read more at The Business Times.
China export growth beats forecasts in May on AI boom and Gulf war stockpiling
https://www.businesstimes.com.sg/international/global/china-export-growth-beats-forecasts-may-ai-boom-and-gulf-war-stockpiling
https://www.businesstimes.com.sg/international/global/china-export-growth-beats-forecasts-may-ai-boom-and-gulf-war-stockpiling
The Business Times
China export growth beats forecasts in May on AI boom and Gulf war stockpiling
Beijing is under growing international pressure to strengthen domestic consumption Read more at The Business Times.
S-Reits ‘positioned for recovery’ as yield spreads widen: analysts
https://www.businesstimes.com.sg/companies-markets/reits-property/s-reits-positioned-recovery-yield-spreads-widen-analysts
https://www.businesstimes.com.sg/companies-markets/reits-property/s-reits-positioned-recovery-yield-spreads-widen-analysts
The Business Times
S-Reits ‘positioned for recovery’ as yield spreads widen: analysts
The sector offers a yield spread of about 3.8%-4% over 10-year Singapore government bonds, say DBS and UOBKH Read more at The Business Times.
Stocks making the biggest moves premarket: GSK, Nuvalent, J.M. Smucker, SailPoint and more
https://www.cnbc.com/2026/06/09/stocks-making-the-biggest-moves-premarket-gsk-nuvalent-jm-smucker-sailpoint-and-more.html?__source=androidappshare
https://www.cnbc.com/2026/06/09/stocks-making-the-biggest-moves-premarket-gsk-nuvalent-jm-smucker-sailpoint-and-more.html?__source=androidappshare
CNBC
Stocks making the biggest moves premarket: GSK, Nuvalent, J.M. Smucker, SailPoint and more
These are the stocks posting the largest moves in early trading.
Trump Says Peace Talks on Track After Israel-Iran Clash Ends
“We’re in the final throes of what will be a very, very good deal,” Trump told reporters in New York on Tuesday. “We could have at least an idea one or two days from now.”
The US president spoke on Monday hours after Iran and Israel agreed to halt strikes on each other following a flare-up that saw both countries launch waves of ballistic missiles. He has repeatedly spoken of an interim agreement to end the war that began when the US and Israel started bombing Iran in February
https://finance.yahoo.com/sectors/energy/articles/trump-says-peace-talks-track-055623805.html
“We’re in the final throes of what will be a very, very good deal,” Trump told reporters in New York on Tuesday. “We could have at least an idea one or two days from now.”
The US president spoke on Monday hours after Iran and Israel agreed to halt strikes on each other following a flare-up that saw both countries launch waves of ballistic missiles. He has repeatedly spoken of an interim agreement to end the war that began when the US and Israel started bombing Iran in February
https://finance.yahoo.com/sectors/energy/articles/trump-says-peace-talks-track-055623805.html
Yahoo Finance
Trump Says Peace Talks on Track After Israel-Iran Clashes End
(Bloomberg) -- US President Donald Trump renewed his claims of momentum toward ending the conflict with Iran, after brokering a halt to hostilities between Israel and the Islamic Republic and easing tensions that had threatened to derail broader peace efforts.Most…
OpenAI's IPO filing, Apple updates Siri and more: Morning Squawk
https://www.cnbc.com/2026/06/09/5-things-to-know-before-the-market-opens.html?__source=androidappshare
https://www.cnbc.com/2026/06/09/5-things-to-know-before-the-market-opens.html?__source=androidappshare
CNBC
OpenAI's IPO filing, Apple updates Siri, new screwworm cases and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
The Treasury market is telling Fed's Warsh that rates need to be hiked
https://finance.yahoo.com/economy/policy/articles/treasury-market-telling-kevin-warsh-073000716.html
https://finance.yahoo.com/economy/policy/articles/treasury-market-telling-kevin-warsh-073000716.html
Yahoo Finance
Treasury Market Is Telling Kevin Warsh Rates Need to Be Higher
(Bloomberg) -- The $31 trillion Treasury market has an unequivocal message for Kevin Warsh’s Federal Reserve: Interest rates aren’t high enough.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist…
Why Apple's WWDC and Siri AI failed to inspire investors
https://finance.yahoo.com/sectors/technology/article/why-apples-wwdc-and-siri-ai-hype-left-investors-sad-113633979.html
#Bloomberg
https://vt.tiktok.com/ZSQBrHy8R/
https://finance.yahoo.com/sectors/technology/article/why-apples-wwdc-and-siri-ai-hype-left-investors-sad-113633979.html
#Bloomberg
https://vt.tiktok.com/ZSQBrHy8R/
Yahoo Finance
Why Apple's WWDC and Siri AI hype left investors sad
Apple's stock declined almost 2% on the first day of Apple CEO Tim Cook's final Worldwide Developers Conference (WWDC). The reason was more perceived letdown on the artificial intelligence front, which reawakened chatter that Apple won't dominate in the AI…
Does Broadcom's Recent Lackluster Quarterly Results Show a Crack in the AI Trade? Not Necessarily, But It's an Important Lesson for Investors
Artificial intelligence semiconductor giant Broadcom (NASDAQ: AVGO) saw its share price plummet after reporting second-quarter earnings for fiscal year 2026 that missed Wall Street's expectations.
It also triggered a major market rotation, as investors sold tech and piled into sectors like banking and healthcare. Broadcom actually generated pretty strong earnings results. But when expectations are sky-high, companies must surpass them if they want their stock to rise.
https://finance.yahoo.com/markets/stocks/articles/does-broadcoms-recent-lackluster-quarterly-123500194.html
Artificial intelligence semiconductor giant Broadcom (NASDAQ: AVGO) saw its share price plummet after reporting second-quarter earnings for fiscal year 2026 that missed Wall Street's expectations.
It also triggered a major market rotation, as investors sold tech and piled into sectors like banking and healthcare. Broadcom actually generated pretty strong earnings results. But when expectations are sky-high, companies must surpass them if they want their stock to rise.
https://finance.yahoo.com/markets/stocks/articles/does-broadcoms-recent-lackluster-quarterly-123500194.html
Yahoo Finance
Does Broadcom's Recent Lackluster Quarterly Results Show a Crack in the AI Trade? Not Necessarily, But It's an Important Lesson…
Broadcom reported strong results but fell short of Wall Street's expectations.
Banks Sell Out After Broadband Firms’ Land Grab Backfires
https://finance.yahoo.com/markets/stocks/articles/broadband-firms-land-grab-backfired-061500003.html
https://finance.yahoo.com/markets/stocks/articles/broadband-firms-land-grab-backfired-061500003.html
Yahoo Finance
Broadband Firms’ Land Grab Backfired and Banks Are Selling Out
(Bloomberg) -- Banks with exposure to heavily-indebted broadband providers are selling their loans to distressed debt funds at a discount, a sign of their increasing weariness with the cash-strapped sector.Most Read from BloombergHouse Republican Says Hegseth’s…
China Preps $295 Billion Plan to Fund Nationwide AI Buildout
https://finance.yahoo.com/sectors/technology/articles/china-prepares-295-billion-plan-081310126.html
https://finance.yahoo.com/sectors/technology/articles/china-prepares-295-billion-plan-081310126.html
Yahoo Finance
China Preps $295 Billion Plan to Fund Nationwide AI Buildout
(Bloomberg) -- China is preparing to spend around 2 trillion yuan ($295 billion) over the next five years on building data centers across the country, fueling Beijing’s ambition to propel the domestic AI sector and surpass the US in a potentially game-changing…
US Economy Could See Windfall As Businesses 'Throw Everything' At Chance For World Cup Tourism
https://finance.yahoo.com/economy/articles/us-economy-could-see-windfall-102500951.html
https://finance.yahoo.com/economy/articles/us-economy-could-see-windfall-102500951.html
Yahoo Finance
US Economy Could See Windfall As Businesses 'Throw Everything' At Chance For World Cup Tourism
Hotels, bars, and tourist attractions are preparing for millions of World Cup visitors as economists project a $76 billion economic boost.
😁1
Apple failed to make its AI tool to comply to EU regulations, EU Commission says
https://finance.yahoo.com/sectors/technology/articles/apple-failed-ai-tool-comply-104039432.html
#Bloomberg
https://vt.tiktok.com/ZSQBrHy8R/
https://finance.yahoo.com/sectors/technology/articles/apple-failed-ai-tool-comply-104039432.html
#Bloomberg
https://vt.tiktok.com/ZSQBrHy8R/
Yahoo Finance
No tech rule exemption for Apple, EU regulators say amid spat over Siri AI delay
EU regulators slammed Apple on Tuesday for blaming EU tech rules for its decision not to roll out its upgraded assistant Siri AI in the European Union for now, saying they had rejected the company's request for an 18-month exemption from its obligations.…
The Surprising Reason the SpaceX IPO Could Be Fueling the Bitcoin Sell-Off
https://finance.yahoo.com/markets/crypto/articles/surprising-reason-spacex-ipo-could-102000796.html
https://finance.yahoo.com/markets/crypto/articles/surprising-reason-spacex-ipo-could-102000796.html
Yahoo Finance
The Surprising Reason the SpaceX IPO Could Be Fueling the Bitcoin Sell-Off
Bitcoin has been selling off since privately held SpaceX filed to go public on May 20.
#USMarketUpdate
S&P 500 and Nasdaq close lower as chip stock rebound fails
Live updates
The S&P 500 and Nasdaq Composite dropped on Tuesday, even as oil prices pulled back, as a surge in chip stocks lost momentum after a one-day rally.
The broad market index fell 0.26% to close at 7,386.65, while the Nasdaq Composite moved down 0.97% to 25,678.82. The Dow Jones Industrial Average gained 86.10 points, or 0.17%, to end at 50,872.11.
The iShares Semiconductor ETF (SMH) shed 1% following a 6% rebound on Monday. The ETF had tumbled 10% on Friday for its worst day in six years as investors feared the AI-driven run in chips had risen too far, too fast. Micron Technology dropped 1% after Monday’s 10% comeback. The shares tumbled about 20% in two days last week, including a 13% rout on Friday. Broadcom, which had an equally steep two-day drop last week, fell 1% as Monday’s rebound fizzled...
https://www.cnbc.com/2026/06/08/stock-market-today-live-updates.html?__source=androidappshare
S&P 500 and Nasdaq close lower as chip stock rebound fails
Live updates
The S&P 500 and Nasdaq Composite dropped on Tuesday, even as oil prices pulled back, as a surge in chip stocks lost momentum after a one-day rally.
The broad market index fell 0.26% to close at 7,386.65, while the Nasdaq Composite moved down 0.97% to 25,678.82. The Dow Jones Industrial Average gained 86.10 points, or 0.17%, to end at 50,872.11.
The iShares Semiconductor ETF (SMH) shed 1% following a 6% rebound on Monday. The ETF had tumbled 10% on Friday for its worst day in six years as investors feared the AI-driven run in chips had risen too far, too fast. Micron Technology dropped 1% after Monday’s 10% comeback. The shares tumbled about 20% in two days last week, including a 13% rout on Friday. Broadcom, which had an equally steep two-day drop last week, fell 1% as Monday’s rebound fizzled...
https://www.cnbc.com/2026/06/08/stock-market-today-live-updates.html?__source=androidappshare
CNBC
Stock futures slip after chip rebound lifts S&P 500 to winning day: Live updates
A rally in chip stocks boosted the S&P 500 and Nasdaq Composite on Monday.