--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — Iran Shuts Hormuz, Dow Drops 953" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000729633.md" description: "Iran shut the Strait of Hormuz, the Dow fell 953, Oracle beat but crashed 7% on capex, and SpaceX prices its $1.8T IPO tonight." datetime: "2026-06-11T02:59:47.000Z" locales: - [en](https://longbridge.com/en/topics/100000000729633.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000729633.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000729633.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — Iran Shuts Hormuz, Dow Drops 953 Midday update: Brutal overnight tape. Iran closed the Strait of Hormuz after US airstrikes, crude jumped over 2.5% and the Dow fell 953 points (-1.87%). Oracle beat on everything and its AI backlog exploded to USD 638B, yet the stock dropped 7%+ on a USD 70B FY27 capex guide. SMCI crashed about 28% on a dilutive raise, and gold fell about 3% toward USD 4,100. Meanwhile SpaceX prices its ~USD 1.8 trillion IPO tonight, the largest in history. ## 💬 Today's 3 Big Questions 1. Iran closed the Strait of Hormuz, the chokepoint for roughly 20% of global oil, and crude is up over 2.5%. With oil rising AND rate cuts now off the table after CPI hit 4.2%, are you trimming rate-sensitive SG REITs and airlines, or is this the overreaction you buy into? 2. Oracle beat on revenue, EPS and cloud (+47%), and its RPO backlog jumped to USD 638B, yet the stock fell 7% purely on a USD 70B FY27 capex guide. SMCI crashed about 28% the same night on dilution. Has the AI trade structurally flipped from "buy the AI story" to "short the capex cycle"? 3. SpaceX prices tonight at USD 135, a ~USD 1.8T valuation with demand near USD 250B (about 4x oversubscribed), even as Hormuz is shut and risk appetite collapses. Do you chase SPCX on Friday, or is this peak euphoria right at the top? 👇 Like, drop your take (20+ words), click "Repost" & earn 288 Task Coins ✨ 🚫 NO duplicates or similar content ⏰ Deadline: June 11, 2026, 11:59 PM (SGT) ## 📊 Quick Market Recap ### 🌍 Global Macro & Markets - Iran closed the Strait of Hormuz after US airstrikes (a US helicopter was downed over the strait); Iran hit US bases in the region and Trump threatened heavier strikes. **WTI and Brent jumped over 2.5%** as the world's key oil chokepoint went offline. - US CPI hit **4.2% YoY** (May), a 3-year high, driven by an energy surge tied to the conflict; but core CPI was a soft **+0.2% MoM** (below the +0.3% forecast). Hot headline inflation killed rate-cut hopes. - Gold fell about **3% to around USD 4,100**, not on safe-haven flight but because higher-for-longer yields make non-yielding gold less attractive. ### 🇺🇸 US Markets: Hormuz Shock + AI Capex Fear - 📈 **Dow -1.87% (-953 pts to 49,919), Nasdaq -1.98% (25,170), S&P 500 -1.62% (7,267); Nasdaq-100 futures -2.24%. Industrials -3%, Tech -2%.** - **Oracle (ORCL)** posted a record Q4: revenue **USD 19.2B (+21%)**, cloud **+47% to USD 9.9B**, IaaS **USD 5.8B (+93%)**, EPS **USD 2.11** (beat), and RPO backlog surged to **USD 638B** (from 553B, +363% YoY). The stock still fell **7%+** as FY26 capex hit USD 55.7B and the FY27 capex guide landed near **USD 70B**. - **Super Micro (SMCI)** crashed about **-28%** (closing near USD 29) on a USD 7B equity raise to fund ~USD 39B of AI server orders; dilution overwhelmed the demand story. - Chips fell a 4th day in 5: **Qualcomm -6%, Nvidia -3.7%, Micron -3.9%, Arm -4%**; SOXX off more than 3%. - **Apple (AAPL)** bucked the selloff and closed higher; Morgan Stanley raised its target to **USD 360** (bull case 440), betting the Gemini-powered Siri drives a major iPhone upgrade cycle. - **SpaceX** prices tonight at **USD 135**, a ~USD 75B raise at a ~USD 1.8T valuation, with demand near **USD 250B** (about 4x oversubscribed); Nasdaq debut Friday June 12. ### 🇸🇬 Singapore Markets - 📈 **STI likely opens lower, tracking the 1.6 to 1.9% US selloff and the Hormuz shock; rate-sensitive REITs and airlines face a dual hit from rising oil and higher-for-longer rates. The STI is still up about 26% over the past year, one of Asia's best.** - SG banks look set for a stronger FY2027 (CGS International): elevated US yields, wealth management growth and **8% YoY April loan growth** point to stronger net interest income and ROE; the bank-heavy STI is structurally less exposed to the AI-chip repricing hurting Seoul and Taipei. - HDB resale (May): Non-Mature Estates made up **55.1%** of transactions (vs Mature 44.9%); prices stayed broadly stable (Mature **+0.4% MoM**, Non-Mature **+0.2%**). - **Wee Hur (E3B)** acquired One Bedford Place, a 26-storey Grade-A building in Kowloon, Hong Kong, to convert into a 500-bed student accommodation (operational H1 2028). - **First REIT (AW9U)** hedged 95% of the rupiah proceeds from its **S$364.9M** Indonesia hospital sale, part of a **S$471.5M** total exit from Indonesia, with a put option on the remaining six hospitals for **S$294.8M**. - **SingPost (S08)** opened a **S$30M** automated parcel sortation hub in Tampines (officially opened June 9 by Minister Josephine Teo). - **Ley Choon (Q0X)** formed a 51-49 JV with Australia's The Tunnel Company for pipe-jacking and trenchless infrastructure. ### 🇭🇰 Hong Kong & China Markets - 📈 **Nasdaq Golden Dragon China Index -0.28%, with individual names diverging sharply.** - **NetEase (9999.HK)** rose about **+4%**, outperforming a weak session. - **GDS Holdings (GDS)** fell about **-7%**, keeping pressure on Chinese data-centre-related tech. ## 📅 Key Events Tonight / This Week - 🇺🇸 SpaceX IPO pricing — Tonight, June 11 after US close (USD 135, ~USD 1.8T, ~4x oversubscribed / ~USD 250B demand) - 🇺🇸 US PPI (May) + Weekly Jobless Claims — Tonight, June 11, 20:30 SGT (PPI headline ~+6.4% YoY / core ~+5.4% forecast; claims ~220K) - 🇺🇸 SpaceX Nasdaq debut (SPCX) — Friday, June 12 - 🇺🇸 Univ. of Michigan consumer sentiment (prelim, June) — Friday, June 12 - 🌍 US-Iran conflict / Strait of Hormuz closure — Active, oil-supply risk Disclaimer: For reference only, not investment advice. ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [SMCI.US](https://longbridge.com/en/quote/SMCI.US.md) - [DXYZ.US](https://longbridge.com/en/quote/DXYZ.US.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) ## Comments (37) - **NewUser_zS0M8w · 2026-06-11T15:05:06.000Z**: The US is going all out against Iran these few days, according to Trump who is fed up with Iran not agreeing to the negotiation and taking forever to come to a deal. The stock market is close to extreme fear territory again, just 2 months after the market started to recover. However, pullback of 5% - **NewUser_oPJWOU · 2026-06-11T11:53:10.000Z**: Precious metals continue falling significantly, with rate hike pressure and continuing inflation thanks to the ongoing conflict. With SpaceX IPO coming up tomorrow, both institutions and retail investors/traders have been selling and taking profit on other stocks to raise capital for SpaceX. IMO, Sp - **Ragul97 · 2026-06-11T09:55:32.000Z**: Oracle's impressive backlog growth is being weighed against surrounding its US$70 billion capex plan and the returns it can generate.Today's markets are becoming more selective, focusing less on excitement and more on execution, cash flow and whether the price paid justifies the long term opportunit - **TC89 · 2026-06-11T09:13:44.000Z**: Trim rate-sensitive REITs and airlines. AI trade has flipped to shorting capex. SpaceX IPO is peak euphoria at the top; do not chase on Friday. - **Jeanine · 2026-06-11T08:22:27.000Z**: The AI trade is not dead, but it is becoming more selective. Oracle’s backlog shows demand is still strong, yet the market is now asking whether massive capex can convert into profitable cash flow. From here, I think investors may separate AI beneficiaries from companies carrying heavy funding risk. - **Dacai · 2026-06-11T07:50:54.000Z**: I will be watching the IPO of SpaceX with interest at the sidelines as I am vested in a local stock that may possibly benefit from this. - **dingdongbell · 2026-06-11T06:02:52.000Z · 👍 1**: When will the market realise that the on off button has been flipped so many times and just start ignoring all the noise? And will grown men realise that flexing muscles and showing how strong they are doesn’t really show intelligence? 🙄 - **Heroic Lifesaver · 2026-06-11T05:56:38.000Z**: Does it really need a hot CPI number and an on off high school standoff to ignite a sell off? The market can just keep going higher if it wants to and the narrative will shift accordingly. Hilarious actually. Now let’s see what the narratives say when the market rebounds. 🤔😂 - **TXY · 2026-06-11T05:06:00.000Z · 👍 1**: funny timing, OCBC just launched physical gold custody and gold drops 3% the same week. classic 😅 - **FaithAnchor · 2026-06-11T05:05:32.000Z · 👍 3**: Markets sold off as two fears collided: potential energy disruption from Hormuz and rising skepticism over AI spending returns. Strong AI demand (Oracle, Super Micro) was overshadowed by massive capex and dilution concerns. Near term, volatility may persist, but AI infrastructure demand remains inta - **Eunice · 2026-06-11T05:01:16.000Z · 👍 1**: STI up 26% YTD walking into a war and hot CPI... feels priced for perfection. trimming a bit of my bank exposure here 😬 - **Kellyk310 · 2026-06-11T04:54:51.000Z · 👍 1**: holds these days don't even matter. DBS and OCBC dividends roll in whether Hormuz is open or not 💤 - **applepie · 2026-06-11T04:49:36.000Z · 👍 2**: first time ever you can own a slice of Starlink plus rockets. taking a small position day one no matter the price 🚀 - **Tiffany lover · 2026-06-11T04:43:45.000Z · 👍 2**: US CPI surged to 4.2% YoY (May), a 3-year high, driven by an energy spike tied to the conflict; but core CPI was a soft +0.2% MoM (below the +0.3% forecast). The hot headline inflation data dashed hopes for a rate cut.US CPI hit a 3-year high driven by oil prices, making a Fed rate cut unlikely. Wil - **markypots · 2026-06-11T04:41:42.000Z · 👍 1**: 1.8 trillion is bigger than most countries' GDP. that's priced for Mars colonies already. hard pass at this level 🤷 - **TerryTan · 2026-06-11T04:41:17.000Z · 👍 1**: nothing unusual. sell in May and go away. June is usually a down period whether got war or no war. - **404.cleo · 2026-06-11T04:38:06.000Z · 👍 1**: SMCI dilution stings but they're funding 39B of real orders, not burning cash to survive. not the same as a desperate raise 👀 - **Alpha～ · 2026-06-11T04:30:15.000Z · 👍 1**: SMCI basically back to a year ago. one 7B raise wiped the entire 2025 rally. brutal reminder that dilution always wins 💀 - **NewUser_CkrdqW · 2026-06-11T04:28:08.000Z · 👍 3**: Oracle witht the double beat but falls because surprise surprise - they are once again raising funds and going into debt for next year. The backlog and potential are still there, what remains to be seen is whether the demand and hype can last and how long they can continue before the "bubble" - **Benjamin · 2026-06-11T04:24:29.000Z · 👍 1**: genuine q: if every hyperscaler drops 50 to 70B on capex, who actually makes money other than Nvidia? someone explain 🙏 --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**