☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX Soars 19% In Record Debut

Midday update: Risk-on Monday. SpaceX closed its first day up 19% and kept climbing overnight, a US-Iran peace deal reopening the Strait of Hormuz sent oil down about 7%, and Asia ripped with the Nikkei up over 5%. The catch: software names cratered on AI-disruption fears, and the Fed decides Thursday.

💬 Today's 3 Big Questions

SpaceX debuted up 19% (peaking near +31%) at over USD 2 trillion intraday, the biggest IPO ever, and kept rising overnight. With only a tiny float, is this the start of a space-age re-rating, or a scarcity-driven pop that fades once supply normalises?
The Iran deal collapsed oil about 7% and HK airlines are already surging. In Singapore, SIA, SATS and logistics REITs all benefit from cheaper fuel and reopened Hormuz lanes. Which SG-listed names capture the biggest upside, and what is the risk if the deal breaks down again?
Adobe, Intuit, Zscaler and Workday tumbled on SaaSpocalypse fears that AI agents replace enterprise software, even as chips ripped. Real regime shift from SaaS to AI infrastructure, or an overdone panic to buy?

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📊 Quick Market Recap

🌍 Global Macro & Markets

A US-Iran peace deal was signed, reopening the Strait of Hormuz after about 3.5 months. Oil plunged roughly 7%, the biggest single-day drop of 2026, the 10-year Treasury yield fell about 6bp, and Nasdaq futures rose over 1%.
Asia soared on the risk-on:Nikkei +5.1%, Korea's Kospi near +6%, Hang Seng +1.9%, with China A50 futures up about 0.7%.
Central-bank super-week: the BoJ meets June 15-16 and the Fed decides Thursday SGT with Warsh's first press conference (rates near-certain to hold at 3.50-3.75%, dot plot and tone in focus). The G7 summit runs June 15-17 in France, with Anthropic, OpenAI and Google execs attending.

🇺🇸 US Markets: SpaceX Debut Steals The Show

📈 Friday close: S&P 500 7,431 (+0.5%), Nasdaq 25,889 (+0.31%), Dow 51,202 (+0.7%).
SpaceX (SPCX) soared 19% to USD 160.95 on day one (opened USD 150, peaked USD 176.52), the largest IPO in history, briefly valued above USD 2 trillion, and added about 4% overnight. CITIC Securities called it the start of a great space-industry era.
Micron (MU) and SanDisk (SNDK) rose near 5% with the memory and storage group, as the HBM4E sample race heats up (Samsung shipped the first samples, SK Hynix and Micron chasing). Optical names joined in.
Adobe (ADBE), Intuit (INTU), Zscaler (ZS) and Workday (WDAY) tumbled on SaaSpocalypse fears that AI agents are disrupting enterprise software, a sharp split from the AI-hardware rally.

🇸🇬 Singapore Markets

📈 STI closed Friday at 5,025.80 (+0.76%), above 5,000 but below its early-June record near 5,150.
Singapore ranked #1 in Southeast Asia (#11 globally) in the Savills 2026 Nearshoring Index on logistics, trade and ease of doing business, with firm demand for ramp-up and cold-chain space.
Singapore's HNWI wealth rose 4.8% to S$985.2 billion in 2025 (Capgemini), as the STI gained 21%, GDP grew 5.0% and the fiscal surplus hit S$19.5 billion.
Innotek (M14) secured its first liquid-cooling contract for AI infrastructure and set up a new subsidiary for it, following NVIDIA and Inspur vendor approval and an April S$16M placement.
Keppel Infrastructure Trust (A7RU) won EMA approval to lift its Keppel Merlimau Cogen stake from 51% to 90% (about S$128.1M); unitholder EGM is June 18.
OCBC (O39) named Lim Leong Guan head of private banking for the Middle East, South Asia and International at Bank of Singapore (Dubai, DIFC CEO), targeting 30% UHNW AUM growth by 2028.
IREIT Global (UD1U) appointed a CFO designate, signalling a leadership transition; Enviro-Hub (L23) put out a June 12 Gul Crescent fire with no injuries. NODX stays strong (Q1 +9.6%, electronics +57.8% on AI demand), with May trade data due this week.

🇭🇰 Hong Kong & China Markets

📈 Hang Seng +1.93%, HSCEI +1.91%, lifted by the post-deal risk-on.
Airlines surged on the oil collapse, with Air China (753), Cathay Pacific (293) and China Southern (1055) among beneficiaries as a firmer yuan added a tailwind.
China releases May retail sales, industrial output and property data this week.

📅 Key Events This Week

🇯🇵 Bank of Japan rate decision, Tuesday June 16 afternoon SGT
🇨🇳 China May retail sales, industrial output, property prices, Tuesday to Wednesday SGT
🇺🇸 US May retail sales, Wednesday June 17, around 20:30 SGT
🌍 G7 summit (Évian-les-Bains), through June 17
🇺🇸 FOMC decision and Warsh press conference, Thursday June 18, around 02:00 SGT
🇸🇬 Keppel Infrastructure Trust EGM (KMC stake vote), Thursday June 18, 2:30 PM SGT
🇺🇸🇭🇰 US (Juneteenth) and Hong Kong (Dragon Boat) markets closed Friday June 19

Disclaimer: For reference only, not investment advice.