☕️ [Task Coins Giveaway] Daily Market Talk — Memory Stocks Smash Records, Nasdaq Hits All-Time High

Midday update: Iran ceasefire extends and Hormuz is set to reopen as oil tanks 5%, Nasdaq rips 3% to a record on exploding storage chips, SpaceX clears USD 2.5T on day two, and Nvidia returns to the bond market for the first time in five years.

💬 Today's 3 Big Questions

Storage is the hottest trade on the Street: Western Digital +16%, Micron back above USD 1,000, the whole group at records. Multi-year AI storage supercycle, or are we late to a crowded momentum trade?
Nvidia is raising USD 25 billion in bonds with over USD 85 billion of demand, while sitting on huge cash. Smart use of cheap debt, or a sign even the AI king now taps outside funding to keep up with capex?
With Hormuz set to reopen and oil down 5%, which SG names benefit most, the airlines and importers like Singapore Airlines, or does cheaper energy hurt our offshore and marine plays?

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📊 Quick Market Recap

🌍 Global Macro & Markets

🛢️ US and Iran reached an initial deal to extend their ceasefire by 60 days and reopen the Strait of Hormuz, with the US lifting its naval blockade. Whether Iran can charge for passage is still disputed (Trump says toll-free, while Iran and Oman reportedly push for service fees), and oil may take weeks to fully flow. Oil fell about 5% while gold rose for a third straight day.
Risk-on everywhere: Hang Seng +0.5%, China ADRs +0.4%.

🇺🇸 US Markets: Storage And AI Lead A Record Run

📈 Nasdaq +3.07% to a record 26,684, S&P 500 +1.65% to 7,554, Dow +0.92% to 51,671 (Nasdaq's 6th straight gain). Semis and storage led, energy lagged.
Western Digital — ripped +16% to fresh highs, roughly tripled this year on AI storage demand. Micron added over 10%, back above USD 1,000; the storage index jumped 8.5% to a record.
SpaceX (SPCX) — day two +20% to USD 192.50, market cap topped USD 2.5 trillion; the greenshoe was fully exercised, lifting the raise to about USD 85.7 billion. One analyst notes it needs a 50x revenue surge to justify the price.
Nvidia (NVDA) — launched its first bond sale in five years, USD 25 billion across seven tranches, demand over USD 85 billion (3x+ oversubscribed), earmarked mainly for refinancing.
Qualcomm (QCOM) — up about 4% on reports it is in talks to buy Tenstorrent, Jim Keller's AI chip startup, for USD 8 to 10 billion.

🇸🇬 Singapore Markets

📈 STI around 4,958, off its June 3 record of 5,150 as the index consolidates while global risk appetite returns.
👷 Q1 employment grew 9,400 (released June 15), an 18th straight quarter of expansion; unemployment held at 2.0%, retrenchments edged up to 3,830 but stayed below pre-pandemic norms, and MOM warned hiring may moderate.
🏠 New private home sales fell 71.1% in May to 447 units on a thin launch calendar (Hudson Place Residences the only major launch, 209 units at SGD 2,465 psf), still up 43.3% year on year.
Keppel (BN4) — Keppel Infrastructure Trust holds an EGM on June 18 to vote on buying an additional 39% of Keppel Merlimau Cogen (up to about SGD 128 million), with EMA approval reportedly secured.
ComfortDelGro (C52) — pushing its autonomous-vehicle plans, naming China and Singapore as key near-term markets.
COSCO Shipping (F83) — its Jurong Island Logistics Hub Phase II continues to progress toward completion.
Annica (5AL) — unit H2 Energy won a Sarawak off-grid solar-hydrogen contract and is raising up to SGD 5.23 million via a rights issue.
Cheaper oil post-Hormuz is a tailwind for Singapore Airlines and importers.

🇭🇰 Hong Kong & China Markets

📈 Hang Seng +0.5%, China ADRs +0.4%.
JD.com — committing about USD 4.5 billion (HKD 35 billion) to Hong Kong expansion, opening its first JD Mall on June 18 with 6 to 8 more planned. Kingsoft Cloud +5.7%.

📅 Key Events Tonight / This Week

🇺🇸 Retail Sales (May) — Tue June 17, night SGT
🇺🇸 FOMC two-day meeting begins — June 17
🇺🇸 FOMC rate decision — Wed June 18 (widely expected to hold)
🇺🇸 Jobless Claims — June 18 (released early for the holiday)
🇸🇬 Keppel Infrastructure Trust EGM (Merlimau Cogen) — June 18
🇭🇰 JD.com first JD Mall opens — June 18
🇺🇸 Juneteenth holiday — Thu June 19, US markets closed

Disclaimer: For reference only, not investment advice.