☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX Storms the Nasdaq-100

Back from the long weekend into a stacked chip week. SpaceX joins the Nasdaq-100 tomorrow, triggering an estimated $27B of forced passive buying into a stock with barely 3-5% float. SK Hynix caps Friday with a record ~$29B Nasdaq debut, the largest foreign IPO in US history. Meanwhile Nvidia reportedly flagged a 12-month-plus delay on its next-gen rack. Let's dig in 👇

📊 Quick Recap — What Moved & Why

🇺🇸 US — Reopening Into a Chip Gauntlet

🔑 Key Event: US markets were shut Friday for the Independence Day holiday and reopen today, walking straight into the biggest index event of the year. SpaceX (SPCX) enters the Nasdaq-100 tomorrow (Jul 7), the fastest inclusion after an IPO ever, under a new rule letting top-40 market-cap names in after just 15 trading days. Passive funds are expected to force-buy up to $27B (about $4.3B from QQQ alone) into a float of only 3-5%. The setup is explosive; whether it holds is another question.

👀 Other to Watch

• SK Hynix → files to raise ~$29B on Nasdaq (ticker SKHY, debut Jul 10), the largest foreign listing in US history, topping Alibaba's $21.8B in 2014. It now leads the world in HBM (56.4% share) and sits #2 in DRAM.

Our community's split on the memory washout:

@和氣生財 : Why I still believe in Micron. HBM supply can't meet demand, NVIDIA, AMD are queuing up to secure supply, capacity is booked until 2027.

@CP : When memory chips tank double-digits it feels like rotation, not strength. I'm trimming semis, this could be the first real crack in the AI momentum.

• Nvidia (NVDA) → reportedly delayed its next-gen Kyber NVL144 rack by 12-plus months to 2028 and canceled the NVL72x2 design, blamed on PCB manufacturing difficulty. A rare stumble for the AI-infrastructure poster child.

@Tonc : NVIDIA has been in an awkward spot lately. Despite remaining one of the strongest companies in AI, it's no longer leading every rally.

• Samsung → Q2 preliminary earnings guidance due this week, with HBM strength the key watch. OpenAI is expected to release GPT-5.6 on Tuesday.
• Backdrop: the Dow closed at a record high last Thursday before the break.

🇸🇬 Singapore — STI Prints a Fresh Record

🔑 Key Event: STI closed Friday at 5,244.29 (+0.52%), a new all-time high, edging past its June 23 peak. The macro tailwind is strong: Maybank Research reportedly lifted its 2026 GDP forecast to 4.6%, above the official 2-4% range, citing AI-driven manufacturing (Micron, Applied Materials) and megaprojects (Changi T5, Tuas Megaport).

@Maxi : UOB at ATH. Up 17% YTD. Beat estimates. Will it continue the up trend from here on? Depends on US rates towards year end.

👀 Other to Watch

• SG property → real estate investment volumes reportedly hit S$35.2B in H1, on track to beat the 2017 peak of S$36.8B, with commercial deals over half the total (per Cushman & Wakefield).

🇭🇰 HK/China — Asia Opens Firm

🔑 Key Event: HSI reportedly rose ~1.28% Monday (HSCEI +1.15%) as Asia opened firm, with Nasdaq futures up around 1% in early Asia trade. The AI-memory theme keeps driving sentiment across the region.

👀 Other to Watch

• Kuaishou / Kling → the AI video model reportedly closed a ~$3B funding round at an $18B post-money valuation, a record for a video-AI model, with a Hong Kong spin-off IPO planned within a year. Kuaishou shares ran over 5%.
• Micron → broke ground on a ¥1.5 trillion (~$9.3B) HBM expansion in Hiroshima on Jul 5, targeting HBM4E shipments by 2028. The memory arms race is going global.
• Kingboard → reportedly issued another price-hike letter, raising copper-clad laminate base material 15%, a cost signal rippling through the chip supply chain.

🌍 Other

• 🛢️ Oil → OPEC+ raised output for a fifth straight month (June output up ~2.34M bpd), pushing crude back toward oversupply territory.
• 🏛️ Fed → Waller and ECB's Schnabel speak today; June FOMC minutes land later this week. No policy move expected, but tone matters after the weak jobs print.

📅 Key Events Tonight / This Week

• 🇺🇸 Fed's Waller & ECB's Schnabel speak · today Mon Jul 6
• 🇺🇸 SpaceX joins the Nasdaq-100 · Tue Jul 7
• 🇰🇷 Samsung Q2 earnings guidance · Tue Jul 7
• 🤖 OpenAI GPT-5.6 release · Tue Jul 7
• 🇺🇸 June FOMC minutes · Thu Jul 9
• 🇺🇸 SK Hynix (SKHY) Nasdaq debut · Fri Jul 10

💬 SpaceX enters the Nasdaq-100 tomorrow on ~$27B of forced buying into a tiny float. Is the index-inclusion pop a setup to chase, or a classic buy-the-rumor-sell-the-news trap?

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🚫 No duplicates · ⏰ Deadline: July 6, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏