SpaceX IPO: The noisy spectacle that defies logic might be exactly what Singapore needs
https://www.businesstimes.com.sg/opinion-features/spacex-ipo-noisy-spectacle-defies-logic-might-be-exactly-what-singapore-needs?ref=home-grouped-story-1
https://www.businesstimes.com.sg/opinion-features/spacex-ipo-noisy-spectacle-defies-logic-might-be-exactly-what-singapore-needs?ref=home-grouped-story-1
The Business Times
SpaceX IPO: The noisy spectacle that defies logic might be exactly what Singapore needs
To be a hub for growth capital, the city needs to develop a tolerance for companies with hyped-up valuations Read more at The Business Times.
US working to release energy reserves, boost sales of gas to Asean
https://www.businesstimes.com.sg/international/asean/us-working-release-energy-reserves-boost-sales-gas-asean
https://www.businesstimes.com.sg/international/asean/us-working-release-energy-reserves-boost-sales-gas-asean
The Business Times
US working to release energy reserves, boost sales of gas to Asean
The US has sent shipments of crude oil and LPG to the Philippines to help mitigate supply shortages Read more at The Business Times.
Malaysia sees risk of missing deficit goals on subsidy pressures
https://www.businesstimes.com.sg/international/asean/malaysia-sees-risk-missing-deficit-goals-subsidy-pressures
https://www.businesstimes.com.sg/international/asean/malaysia-sees-risk-missing-deficit-goals-subsidy-pressures
The Business Times
Malaysia sees risk of missing deficit goals on subsidy pressures
The ringgit has gone from being among the best bets in Asia to being the worst performer in June Read more at The Business Times.
Labubu maker Pop Mart pushes back on one-hit wonder fears
https://www.businesstimes.com.sg/companies-markets/labubu-maker-pop-mart-pushes-back-one-hit-wonder-fears
https://www.businesstimes.com.sg/companies-markets/labubu-maker-pop-mart-pushes-back-one-hit-wonder-fears
The Business Times
Labubu maker Pop Mart pushes back on one-hit wonder fears
Sales of non-Labubu items account for about 50% of total revenue in the US this year Read more at The Business Times.
#HKMarketUpdate
China, HK stocks end lower as risk appetite sours on renewed Gulf tensions
Jun 10, 2026, 16:36 GMT+8
China and Hong Kong stocks slid to close lower on Wednesday, tracking a broader selloff across Asian markets as escalating tensions in the Gulf curbed investor risk appetite.
** At market close, the Shanghai Composite index 000001 was down 0.4% at 3,993.23 points. China's blue-chip CSI300 index 3399300 slipped 1.1%.
** In Hong Kong, the benchmark Hang Seng Index HSI was down 0.6% at 24,407.96. The Hang Seng Tech index HHSTECH dropped nearly 1%.
** In one of the biggest exchanges in hostilities since a ceasefire in April, Iran's Revolutionary Guards said they carried out attacks against a U.S. base in Jordan and 21 other targets in the Gulf on Wednesday in retaliation for American strikes around the Strait of Hormuz.
** Shares took a snub in Asia, with MSCI's Asia ex-Japan stock index (.MIAPJ0000PUS) trading 2.3% lower and Japan's Nikkei index NI225 down 1.9%.
** Among the biggest losers onshore, the CSI AI Index 9930713 dropped 2.2% and the satellite industry sector index (.CSI931594) lost 3.2% to pare some recent gains.
** Chip shares defied the downtrend on Wednesday, with the CSI Semiconductor Index (.CSI931865) adding 1.6%. Defensive sectors also gained, with the CSI Banks Index up 1.6% and CSI Liquor Index up 1.1%.
** On the data front, China's producer prices rose for a third consecutive month in May to the highest since July 2022 as global AI-related demand provided a boost for some sectors.
** Consumer prices remained elevated but came below the median Reuters forecast.
** "In China, domestic demand remain anaemic. However, global AI investment is supporting external demand and emerging industries, mitigating the risk of a sharp economic slowdown," analysts at KGI said.
** Investors should utilize technological innovation themes as growth engines, anchored by stable financial sectors to navigate volatility and achieve resilient returns, the analysts said.
https://www.tradingview.com/news/reuters.com,2026:newsml_L1N42I098:0-china-hk-stocks-end-lower-as-risk-appetite-sours-on-renewed-gulf-tensions/
China, HK stocks end lower as risk appetite sours on renewed Gulf tensions
Jun 10, 2026, 16:36 GMT+8
China and Hong Kong stocks slid to close lower on Wednesday, tracking a broader selloff across Asian markets as escalating tensions in the Gulf curbed investor risk appetite.
** At market close, the Shanghai Composite index 000001 was down 0.4% at 3,993.23 points. China's blue-chip CSI300 index 3399300 slipped 1.1%.
** In Hong Kong, the benchmark Hang Seng Index HSI was down 0.6% at 24,407.96. The Hang Seng Tech index HHSTECH dropped nearly 1%.
** In one of the biggest exchanges in hostilities since a ceasefire in April, Iran's Revolutionary Guards said they carried out attacks against a U.S. base in Jordan and 21 other targets in the Gulf on Wednesday in retaliation for American strikes around the Strait of Hormuz.
** Shares took a snub in Asia, with MSCI's Asia ex-Japan stock index (.MIAPJ0000PUS) trading 2.3% lower and Japan's Nikkei index NI225 down 1.9%.
** Among the biggest losers onshore, the CSI AI Index 9930713 dropped 2.2% and the satellite industry sector index (.CSI931594) lost 3.2% to pare some recent gains.
** Chip shares defied the downtrend on Wednesday, with the CSI Semiconductor Index (.CSI931865) adding 1.6%. Defensive sectors also gained, with the CSI Banks Index up 1.6% and CSI Liquor Index up 1.1%.
** On the data front, China's producer prices rose for a third consecutive month in May to the highest since July 2022 as global AI-related demand provided a boost for some sectors.
** Consumer prices remained elevated but came below the median Reuters forecast.
** "In China, domestic demand remain anaemic. However, global AI investment is supporting external demand and emerging industries, mitigating the risk of a sharp economic slowdown," analysts at KGI said.
** Investors should utilize technological innovation themes as growth engines, anchored by stable financial sectors to navigate volatility and achieve resilient returns, the analysts said.
https://www.tradingview.com/news/reuters.com,2026:newsml_L1N42I098:0-china-hk-stocks-end-lower-as-risk-appetite-sours-on-renewed-gulf-tensions/
TradingView
China, HK stocks end lower as risk appetite sours on renewed Gulf tensions
China and Hong Kong stocks slid to close lower on Wednesday, tracking a broader selloff across Asian markets as escalating tensions in the Gulf curbed investor risk appetite.** At market close, the Shanghai Composite index SSE:000001 was down 0.4% at 3,993.23…
⚠️ At least $68,200 has been lost in about 10 days to scams involving the sale of BTS' Singapore concert tickets.
While victims came across offers for tickets on Instagram and Carousell, scammers approached victims through X in most cases. https://str.sg/5HYH
While victims came across offers for tickets on Instagram and Carousell, scammers approached victims through X in most cases. https://str.sg/5HYH
South Korea’s SK Hynix eyes US listing as soon as August: sources
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/south-koreas-sk-hynix-eyes-us-listing-soon-august-sources
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/south-koreas-sk-hynix-eyes-us-listing-soon-august-sources
The Business Times
South Korea’s SK Hynix eyes US listing as soon as August: sources
In March, a source has said the offering could raise as much as US$14 billion Read more at The Business Times.
<Full-day Takeaway>HSI Closes at 24,407, Down 157 pts; HSTI Closes at 4,724, Down 44 pts; XIAOMI Down over 3%; HUISHANG BANK, KINGBOARD HLDG Hit New Highs; Market Turnover Rises
http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1528447/popular-news/AAFN
http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1528447/popular-news/AAFN
AASTOCKS.COM
<Full-day Takeaway>HSI Closes at 24,407, Down 157 pts; HSTI Closes at 4,724, Down 44 pts; XIAOMI Down over 3%; HUISHANG BANK, KINGBOARD…
At close, HSI dropped 157 pts or 0.6% to 24,407. HSTI dropped 44 pts or 0.9% to 4,724. HSCEI...
Applied Materials boosts Singapore manufacturing operation with US$500 million campus to meet AI chip demand
https://www.businesstimes.com.sg/singapore/applied-materials-boosts-singapore-manufacturing-operation-us500-million-campus-meet-ai-chip-demand
https://www.businesstimes.com.sg/singapore/applied-materials-boosts-singapore-manufacturing-operation-us500-million-campus-meet-ai-chip-demand
The Business Times
Applied Materials boosts Singapore manufacturing operation with US$500 million campus to meet AI chip demand
Asia accounts for more than 80% of the American firm’s revenue Read more at The Business Times.
Japan wholesale inflation accelerates to fastest in three years as energy costs spike
https://www.businesstimes.com.sg/international/japan-wholesale-inflation-accelerates-fastest-three-years-energy-costs-spike
https://www.businesstimes.com.sg/international/japan-wholesale-inflation-accelerates-fastest-three-years-energy-costs-spike
The Business Times
Japan wholesale inflation accelerates to fastest in three years as energy costs spike
The steady increase in producer prices will likely keep the BOJ under pressure to continue raising rates, analysts say Read more at The Business Times.
Bank of Japan governor Ueda hospitalised, will miss June meeting
https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-governor-ueda-hospitalised-will-miss-june-meeting
https://vt.tiktok.com/ZSQaoQXwS/
https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-governor-ueda-hospitalised-will-miss-june-meeting
https://vt.tiktok.com/ZSQaoQXwS/
The Business Times
Bank of Japan governor Ueda hospitalised, will miss June meeting
Ueda will attend the next July 30-31 policy meeting Read more at The Business Times.
😁1
Evening Update: Today’s headlines from The Straits Times on June 10, 2026
https://str.sg/5JXY
https://youtube.com/shorts/SX5m4BB_sx8?si=0KqvXZORLqRymdk1
https://str.sg/5JXY
https://youtube.com/shorts/SX5m4BB_sx8?si=0KqvXZORLqRymdk1
The Straits Times
Evening Update: Today’s headlines from The Straits Times on June 10, 2026
You are reading the Evening Update newsletter. Get up to speed with the important stories from the day. Subscribe to our newsletter. Read more at straitstimes.com.
#SgMarketUpdate
Singapore shares end lower after Middle East conflict intensifies; STI down 1.3%
Singapore stocks closed lower on Wednesday (Jun 10).
This came after a wave of new strikes by the US against Iran, which led to retaliatory attacks by Iran on American bases in the Gulf, Reuters reported.
The Straits Times Index (STI) lost 1.3 per cent or 64.4 points to finish at 4,958.85; it fell as much as 1.7 per cent earlier in the day.
Wilmar International : F34 +3.24% led the gainers on the blue-chip barometer, rising 3.2 per cent or S$0.11 to S$3.50.
The worst performer among the STI’s constituents was Thai Beverage : Y92 -3.41%, which sank 3.4 per cent or S$0.015 to S$0.425.
The local banks all ended lower.
DBS : D05 -3.03% fell 3 per cent or S$1.93 to S$61.83, after falling as low as S$61.63 in the first hour of trading. OCBC : O39 -2.39% closed 2.4 per cent or S$0.57 lower at S$23.23, and UOB : U11 -1.3% was down 1.3 per cent or S$0.50 at S$37.88.
Major technology stocks such as AEM : AWX -6.77% in Singapore fell as well, tracking Wall Street’s reversal after two days of gains.
The S&P 500 and Nasdaq indices fell on Tuesday as a rebound in technology shares faded and investors continued rotating out of tech stocks.
Across the broader market, gainers trailed losers 260 to 337, after 1.5 billion securities worth S$2.6 billion changed hands.
Key regional indices were mixed.
Hong Kong’s Hang Seng Index lost 0.6 per cent, Japan’s Nikkei 225 fell 1.9 per cent and South Korea’s Kospi was down 4.5 per cent. Meanwhile, the FTSE Bursa Malaysia KLCI advanced 0.2 per cent.
The prices of West Texas Intermediate crude oil rose more than 1 per cent to surpass US$89 a barrel after the latest round of attacks, and eased to US$87.90 in the evening in Asia...
https://bt.sg/GeMv4
Singapore shares end lower after Middle East conflict intensifies; STI down 1.3%
Singapore stocks closed lower on Wednesday (Jun 10).
This came after a wave of new strikes by the US against Iran, which led to retaliatory attacks by Iran on American bases in the Gulf, Reuters reported.
The Straits Times Index (STI) lost 1.3 per cent or 64.4 points to finish at 4,958.85; it fell as much as 1.7 per cent earlier in the day.
Wilmar International : F34 +3.24% led the gainers on the blue-chip barometer, rising 3.2 per cent or S$0.11 to S$3.50.
The worst performer among the STI’s constituents was Thai Beverage : Y92 -3.41%, which sank 3.4 per cent or S$0.015 to S$0.425.
The local banks all ended lower.
DBS : D05 -3.03% fell 3 per cent or S$1.93 to S$61.83, after falling as low as S$61.63 in the first hour of trading. OCBC : O39 -2.39% closed 2.4 per cent or S$0.57 lower at S$23.23, and UOB : U11 -1.3% was down 1.3 per cent or S$0.50 at S$37.88.
Major technology stocks such as AEM : AWX -6.77% in Singapore fell as well, tracking Wall Street’s reversal after two days of gains.
The S&P 500 and Nasdaq indices fell on Tuesday as a rebound in technology shares faded and investors continued rotating out of tech stocks.
Across the broader market, gainers trailed losers 260 to 337, after 1.5 billion securities worth S$2.6 billion changed hands.
Key regional indices were mixed.
Hong Kong’s Hang Seng Index lost 0.6 per cent, Japan’s Nikkei 225 fell 1.9 per cent and South Korea’s Kospi was down 4.5 per cent. Meanwhile, the FTSE Bursa Malaysia KLCI advanced 0.2 per cent.
The prices of West Texas Intermediate crude oil rose more than 1 per cent to surpass US$89 a barrel after the latest round of attacks, and eased to US$87.90 in the evening in Asia...
https://bt.sg/GeMv4
The Business Times
Singapore shares end lower after Middle East conflict intensifies; STI down 1.3%
All three banking stocks end lower Read more at The Business Times.
Stocks making the biggest moves premarket: Super Micro Computer, Nike and more
https://www.cnbc.com/2026/06/10/stocks-making-the-biggest-moves-premarket-smci-crbl-nke-cava.html?__source=androidappshare
https://www.cnbc.com/2026/06/10/stocks-making-the-biggest-moves-premarket-smci-crbl-nke-cava.html?__source=androidappshare
CNBC
Stocks making the biggest moves premarket: Super Micro Computer, Cracker Barrel, Nike and more
These are the stocks posting the largest moves in the premarket.
U.S. strikes Iran, SpaceX's unique IPO and more: Morning Squawk
https://www.cnbc.com/2026/06/10/5-things-to-know-before-the-stock-market-opens.html?__source=androidappshare
https://www.cnbc.com/2026/06/10/5-things-to-know-before-the-stock-market-opens.html?__source=androidappshare
CNBC
U.S. strikes Iran, SpaceX's unique IPO, Kalshi's insider trading fight and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Gold falls 2% as dollar rises ahead of crucial inflation report
https://finance.yahoo.com/markets/article/gold-falls-2-as-dollar-rises-ahead-of-crucial-inflation-report-113341333.html
https://finance.yahoo.com/markets/article/gold-falls-2-as-dollar-rises-ahead-of-crucial-inflation-report-113341333.html
Yahoo Finance
Gold falls 2% as dollar rises ahead of crucial inflation report
Gold declined more than 2% on Wednesday ahead of a crucial inflation print.
Governments Sell Bonds at Record Pace as Spending Soars
https://finance.yahoo.com/economy/policy/articles/governments-selling-bonds-record-pace-070110557.html
https://finance.yahoo.com/economy/policy/articles/governments-selling-bonds-record-pace-070110557.html
Yahoo Finance
Governments Sell Bonds at Record Pace as Spending Soars
(Bloomberg) -- Governments are borrowing from syndicated bond markets at a record clip as public spending surges.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS…
At Musk’s Starbase, the rise of SpaceX brings fortunes and fractures
https://finance.yahoo.com/economy/articles/musk-starbase-rise-spacex-brings-100501977.html
https://finance.yahoo.com/economy/articles/musk-starbase-rise-spacex-brings-100501977.html
Yahoo Finance
At Musk’s Starbase, the rise of SpaceX brings fortunes and fractures
The last time SpaceX launched a rocket in South Texas, charter boat captain Eddie Reyes was bobbing in a pontoon boat less than 2 miles from the pad with a group of paying passengers. The arrival of SpaceX has brought good business to Reyes and his family.…
SpaceX fever is testing the chip trade: Chart of the Day
https://finance.yahoo.com/markets/article/spacex-fever-is-testing-the-chip-trade-chart-of-the-day-100000045.html
https://finance.yahoo.com/markets/article/spacex-fever-is-testing-the-chip-trade-chart-of-the-day-100000045.html
Yahoo Finance
SpaceX fever is testing the chip trade: Chart of the Day
SpaceX is not public yet, but retail traders may already be making room for it.
Live: CPI inflation report reveal
https://finance.yahoo.com/economy/article/jobs-report-payrolls-expected-to-show-further-growth-in-may-with-unemployment-holding-steady-145525382.html
https://finance.yahoo.com/economy/article/jobs-report-payrolls-expected-to-show-further-growth-in-may-with-unemployment-holding-steady-145525382.html
Yahoo Finance
Jobs report: Payrolls expected to show further growth in May, with unemployment holding steady
The government's closely watched jobs report comes out Friday at 8:30 a.m. ET, capping off a week that has already offered some signs of stability in the labor market.