DBS to launch tokenised physical gold for retail customers in Singapore
https://www.businesstimes.com.sg/companies-markets/dbs-launch-tokenised-physical-gold-retail-customers-singapore

Stripe moves head of global product to Singapore to drive Asia-Pacific growth
https://www.businesstimes.com.sg/international/asean/stripe-moves-head-global-product-singapore-drive-asia-pacific-growth

Oracle’s AI spending blows past estimates, raising worries over growing debt
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/oracles-ai-spending-blows-past-estimates-raising-worries-over-growing-debt

OpenAI, Visa team up to let AI agents make purchases online
https://www.businesstimes.com.sg/companies-markets/banking-finance/openai-visa-team-let-ai-agents-make-purchases-online

#HKMarketUpdate
China and Hong Kong stocks fall on tech selloff, renewed Mideast tensions
Jun 11, 2026, 16:58 GMT+8

China and Hong Kong stocks ended lower on Thursday, led by declines in tech shares tracking weakness in regional peers, while a fresh escalation in Middle East tensions also weighed on investor sentiment.
* The United States launched new strikes against multiple targets overnight in Iran, and President Donald Trump vowed even more attacks if no peace deal is secured.
* At the market close, the benchmark Shanghai Composite index 000001 declined 0.2%, while the blue-chip CSI300 index 3399300 dropped 0.6%.
* In Hong Kong, the benchmark Hang Seng Index HSI fell 0.7%, marking a seventh straight losing session and its longest losing streak since October.
* Tech shares dropped across the board, with Shenzhen's startup board ChiNext 3399006 sliding 1.1%, and Hong Kong's tech shares HHSTECH shedding 1.5%.
* The decline followed weakness in regional peers, as MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.3%.
* Analysts at HSBC Qianhai Securities said in a note that the rally in AI hardware stocks could resume amid continued capex spending from major cloud service providers and solid earnings fundamentals, "but a more balanced approach on AI vs non-AI is warranted in the second half of this year".
* Hong Kong shares of e-commerce giant Alibaba BABA fell 5.4% to their lowest closing price since July 2025, after reports about its Dingtalk CEO Chen Hang's departure following debates about AI focus.
* Meanwhile, U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energy products amid the Middle East conflict, and giving the Federal Reserve more reason to maintain a hawkish tilt into 2027.
* Separately, market participants will shift their attention to China's May credit lending data to gauge the health of the economy, following an unexpected contraction in new yuan loans in April.

https://www.tradingview.com/news/reuters.com,2026:newsml_L1N42J08N:0-china-and-hong-kong-stocks-fall-on-tech-selloff-renewed-mideast-tensions/

📢 Singaporean households will each receive $500 in CDC vouchers from June 11 to help them with their daily expenses. These vouchers will be valid till Dec 31, 2027.

While the impact of the Middle East crisis has so far been less severe than expected, the Government is ready to do more if needed, said DPM Gan Kim Yong. https://str.sg/mD5e

Evening Update: Today’s headlines from The Straits Times on June 11, 2026


https://str.sg/AqtT

#HKMarketUpdate
<Full-day Takeaway>HSI Closes at 24,249, Down 158 pts; HSTI Closes at 4,655, Down 69 pts; BABA Down over 5%; KB LAMINATES, KINGBOARD HLDG Hit New Highs; Market Turnover Rises

http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1528659/top-news/AAFN

DBS, SIA... and Raffles Medical?: OCBC, Maybank pick SGX winners from World Cup - The Business Times
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/ai-predictions-consumer-plays-analysts-offer-sgx-playbook-world-cup-2026?ref=home-top-stories-4

Daily Debrief: What Happened Today (Jun 11)
https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-112?utm_source=web_share&utm_medium=referral&utm_campaign=article

World Bank says Indonesia’s GDP to slow to 5% in 2026 as fiscal pressures rise
https://www.businesstimes.com.sg/international/asean/world-bank-says-indonesias-gdp-slow-5-2026-fiscal-pressures-rise

#SgMarketUpdate
Singapore stocks close higher; STI up 0.6%

Singapore stocks ended higher on Thursday (Jun 11).

The benchmark Straits Times Index (STI) gained 0.6 per cent or 29.25 points to finish at 4,988.10.

Yangzijiang Shipbuilding : BS6 +2.97% led the gainers on Singapore’s blue-chip index, rising 3 per cent or S$0.10 to S$3.47.

The worst performer among STI constituents was Hongkong Land : H78 -0.83%, which fell 0.8 per cent or US$0.06 to close at US$7.19.

The three local banks all ended higher. DBS : D05 +1.25% gained 1.2 per cent or S$0.77 to S$62.60, OCBC : O39 +0.47% rose 0.5 per cent or S$0.11 to S$23.34, and UOB : U11 +0.48% was up 0.5 per cent or S$0.18 at S$38.06.

Across the broader market, gainers outnumbered losers 298 to 274, after 1.6 billion securities worth S$2.1 billion changed hands.
Key regional indices ended mixed.

Hong Kong’s Hang Seng Index lost 0.7 per cent, while Japan’s Nikkei 225 rose 0.1 per cent, South Korea’s Kospi was up 0.4 per cent and the FTSE Bursa Malaysia KLCI advanced 0.03 per cent.

https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-sti-0-6

Stocks making the biggest moves premarket: Oracle, Intel, Alcoa and more

https://www.cnbc.com/2026/06/11/stocks-making-the-biggest-moves-premarket-oracle-intel-applied-materials-alcoa-and-more.html?__source=androidappshare

Crude oil jumps back above $90 as Trump says U.S. will take Iran's Kharg Island

https://finance.yahoo.com/sectors/energy/articles/oil-erases-gain-hormuz-workarounds-092334292.html

US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022

https://finance.yahoo.com/economy/policy/articles/us-producer-prices-rose-6-124151813.html

Inside the $2T 'Mag 7' wipeout
https://finance.yahoo.com/markets/article/magnificent-7-stocks-have-lost-2-trillion-so-far-this-month-driving-the-sp-500-decline-chart-of-the-day-100000483.html

SpaceX is set for its mega debut. Here's what to expect.
https://finance.yahoo.com/markets/stocks/article/spacex-ipo-set-to-price-thursday-night-ahead-of-friday-nasdaq-debut--heres-whats-next-101955450.html

US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds
https://finance.yahoo.com/economy/articles/us-jobless-aid-filings-rise-123955040.html

SpaceX IPO expected to mint over 4,000 employee millionaires
https://finance.yahoo.com/markets/stocks/articles/spacex-ipo-expected-mint-over-124821901.html

U.S.-Iran hostilities escalate, $100,000 colleges and more: Morning Squawk

https://www.cnbc.com/2026/06/11/5-things-to-know-before-the-stock-market-opens.html?__source=androidappshare

#USMarketUpdate
Dow jumps 700 points, oil tumbles as Trump cancels evening strikes against Iran: Live updates

Live updates

U.S. equities gained on Thursday, boosted by a rebound in chip stocks after recent pressure, after President Donald Trump said that he has called off the strikes on Iran scheduled for this evening...

The producer price index increased 1.1% in May, the Bureau of Labor Statistics reported Thursday. That’s more than the 0.7% that economists polled by Dow Jones expected. Core inflation — which excludes volatile food and energy prices — stood at 0.4%, below the Dow Jones forecast for 0.5%.

The market was given momentum from a rebound in Micron Technology, Advanced Micro Devices and Intel. The iShares Semiconductor ETF gained 3%. The chip ETF was under pressure again this week following a 10% drubbing on Friday that’s called many investors to question whether the parabolic move in the sector was over. Intel was upgraded by Bank of America from underperform to buy on Thursday and the shares responded with a 4% gain.

Enthusiasm is building ahead of SpaceX’s debut on Friday, which could highlight the expected growth in the AI buildout. Although some traders believe the recent chip weakness is due to investors selling the stocks in their portfolios to make room for the IPO, which will be the largest debut ever at a roughly $1.8 trillion valuation.

Still, not all of tech was a bright spot Thursday. Shares of Oracle dropped 11% as the software giant announced plans to raise an additional $20 billion in equity and debt to pay for its artificial intelligence buildout.

Stocks fell during the previous session, thanks to another rout in the chip sector and a ramp-up in tensions with Iran.

https://www.cnbc.com/2026/06/10/stock-market-today-live-updates.html?__source=androidappshare