☕️ [Task Coins Giveaway] Daily Market Talk — SPCX Debuts, Semis Surge 8%

Midday update: The worst week for markets flipped into one of the best days. Trump called off planned Iran strikes and declared the deal "basically done", sending the semis index up about 8%, with SanDisk up roughly 14% and Applied Materials, Micron, Marvell and Intel all up 9 to 11%. TSMC is reportedly eyeing a 15% price hike on advanced chips. SpaceX (SPCX) begins trading today as the largest IPO in history, while Adobe fell after hours despite a revenue beat.

💬 Today's 3 Big Questions

TSMC is reportedly weighing a price hike of up to 15% on advanced nodes, its most aggressive in years, as demand structurally overwhelms supply. Paired with today's semis index +8% (SanDisk +14%, Applied Materials +11%, Micron +11%, Marvell +11%, ASML +10%), is this confirmation the AI chip trade is fully back on after last week's capex-driven selloff?
SpaceX (SPCX) opens today as the biggest IPO ever, raising about $75 billion at a roughly $1.75 trillion valuation, already bigger than Tesla, but with only a ~4% float. With Iran de-escalating and risk appetite snapping back, what is your opening-day plan: buy the open, wait for the first pullback, or skip entirely?
Adobe beat Q2 revenue at $6.62 billion but its CFO resigned and the stock fell after hours. In recent sessions Oracle slid on capex and SMCI on dilution, and now Adobe on a leadership exit. Has the market shifted to punishing any capital or leadership uncertainty for AI names, and how does that change how you screen them?

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📊 Quick Market Recap

🌍 Global Macro & Markets

Oil plunged and gold reclaimed the 4,200 level after Trump called off planned Iran strikes and said the deal is "basically done", with a weekend signing expected. The Strait of Hormuz closure risk receded fast.
TSMC is reportedly weighing a price hike of up to 15% on advanced nodes in 2H 2026, its most significant pricing move in years, a direct read on how strong and supply-constrained AI demand is.

🇺🇸 US Markets: Semis Explode 8%, SpaceX Goes Public

📈 Nasdaq +2.54% to 25,809, S&P 500 +1.75% to 7,394, Dow +1.86% to 50,849, with the semis index up about 8%, its biggest single-day move in months and ending a two-day selloff.
SanDisk (SNDK) +14%, Micron (MU) +11%, Marvell (MRVL) +11%, Applied Materials (AMAT) +11%, ASML +10%, and Intel (INTC) +10% on a Bank of America upgrade. SanDisk led the pack as memory and equipment names recaptured the week's losses in a single session.
SpaceX (SPCX) begins trading today on Nasdaq at $135 a share, raising about $75 billion at a roughly $1.75 trillion valuation, the largest IPO ever. With a thin ~4% float, price discovery means trading likely opens late morning US time (Singapore evening).
Adobe (ADBE) beat with record Q2 revenue of $6.62 billion (+13%) and raised guidance, but fell about 5% after-hours after CFO Dan Durn announced he is leaving on June 15 to become CFO of Marvell.

🇸🇬 Singapore Markets

📈 SGX May securities daily turnover hit S$2.4 billion, the strongest since October 2007. Derivatives volume rose 20% YoY, STI ETFs logged a 15th straight month of net inflows, and retail participation hit a 13-year high. The STI set a record high of 5,072 in May, and the Iran-relief rally may push it back toward that level.
OCBC (O39) became the first bank to use Singpass beyond Singapore, letting Singaporeans and PRs remotely open OCBC Malaysia business accounts, cutting a two-to-three-week process as SMEs ride the Johor-Singapore SEZ.
DBS (D05) will offer tokenised physical gold to retail via digibank in H2 2026, a Singapore first, each token backed by one gram of vaulted gold worth about S$200.
Backdrop: Singapore's millionaire count rose to 141,000 on 2025 GDP growth of 5%, and the city captured 96% of Southeast Asia's disclosed M&A value in Q1.

🇭🇰 Hong Kong & China Markets

📈 HSI -0.65% to 24,249, Hang Seng TECH -1.46%, HSCEI -1.22%, lagging the US rebound as China's May CPI held at just +1.2%.
Alibaba (9988) is reportedly bidding about $1.5 billion for Chinese fresh-grocery platform Pupu, pushing deeper into instant retail.
Decliners included SMIC -3.7%, Xiaomi -3.2% and Lenovo -9.5%.

📅 Key Events Tonight / This Week

🇺🇸 SpaceX (SPCX) first day of trading on Nasdaq, indicative quotes from around 10:15am ET (tonight SGT)
🇺🇸 University of Michigan consumer sentiment, June preliminary, Friday evening SGT
🌍 US-Iran deal signing watch, reportedly this weekend
🇺🇸 MSCI early inclusion of SPCX, from June 13

Disclaimer: For reference only, not investment advice.