☕️ [Task Coins Giveaway] Daily Market Talk — US Proposes 12.5% Tariff on Singapore

Midday update: SpaceX IPO subscriptions exploded to USD 250 billion, nearly 4 times the USD 75 billion raise target, ahead of tomorrow's final pricing. On the same session, ASML hit a new all-time closing high while optical sector stocks crashed on production delay news. US forces launched additional airstrikes against Iran after an Apache helicopter was downed, and Broadcom announced a USD 35 billion AI infrastructure financing platform with Anthropic as the first client.

💬 Today's 3 Big Questions

SpaceX subscriptions hit USD 250 billion, nearly 4 times oversubscribed, but India just halted Starlink approval over national security concerns. India is a massive potential market, and Starlink accounts for 61% of SpaceX revenue. Does the India setback change your view on buying SPCX at $135 per share on Friday — or is USD 250 billion in demand proof that nothing can stop this IPO?
Broadcom, Apollo, and Blackstone launched a USD 35 billion AI infrastructure financing platform with Anthropic as the first client. This is structured credit for AI compute at a scale most people have not seen before. Does this signal institutional finance is now fully inside the AI infrastructure trade — and does it change how you think about Broadcom stock versus pure AI chip plays?
ASML hit a new all-time closing high while optical sector stocks crashed on production delay news. Equipment makers up, end-product makers down. Is the ASML divergence telling you the AI chip production buildout is structural regardless of optical transceiver timing — and is this the clearest "buy the picks and shovels" signal of the current cycle?

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⏰ Deadline: June 10, 2026, 11:59 PM (SGT)

📊 Quick Market Recap

🌍 Global Macro & Markets

US military launched additional airstrikes against Iran on June 9 after an Apache helicopter was downed; President Trump ordered "strong retaliation." Despite the strikes, WTI crude fell 3.9% to USD 87.74 as Trump simultaneously said a nuclear deal remains "close."
Gold fell 1.6%, breaking below USD 4,100; silver dropped over 4%. Precious metals sold off on partial Iran de-escalation optimism combined with pre-CPI positioning.
Sun Life 2026 Index: Highly financially resilient Singapore households dropped from 34% to 21%, with over half now prioritising daily expenses over retirement savings.

🇺🇸 US Markets: ASML Soars, Optical Crashes, SpaceX Mania

📈 Dow Jones closed higher. Nasdaq fell approximately 1%. Semiconductor equipment outperformed sharply while optical sector stocks fell hard.
ASML (ASML) hit a new all-time closing high as institutional research flagged semiconductor equipment as the structural beneficiary, while optical transceiver names fell sharply on production delay reports.
Nuvalent (NUVL) surged +39% after GlaxoSmithKline announced an acquisition at a significant premium.
DraftKings (DKNG) led the gambling sector with a gain of over +11%.
Super Micro Computer (SMCI) announced a USD 7 billion equity financing for AI infrastructure, then fell sharply after hours on dilution concerns.
SpaceX IPO subscription orders surged to approximately USD 250 billion, nearly 4 times oversubscribed ahead of Thursday's final pricing. India halted Starlink approval over national security concerns — a new risk to the global growth thesis.
Broadcom (AVGO) partnered with Apollo and Blackstone to establish a USD 35 billion AI infrastructure financing platform; Anthropic is the inaugural client.
Wuxi Biologics and other Chinese healthcare companies were added to the US military enterprise blacklist, triggering declines in HK-listed names.
Oracle (ORCL) reports Q4 FY2026 tonight after US market close — Q3 had total revenue +22% to USD 17.2 billion, cloud +44% to USD 8.9 billion, and AI contract RPO of USD 553 billion.

🇸🇬 Singapore Markets

📈 STI fell to 4,966 (-1.15%), dragged by Singapore Technologies (-1.4%), City Developments (-1.3%), Singapore Airlines (-1.1%), Singtel (-0.7%), and DBS (-0.6%).
Keppel Corporation (BN4.SG) entered the South Korean data center market with a planned 60MW AI-ready facility in Ansan, targeted for service by 2030, through Keppel Data Centre Fund III (73% effective stake). All permits and power approvals are secured.
IHH Healthcare (Q0F.SG): Parkway MediCentre integrated Aevice Health's wearable sensor for home-based paediatric asthma monitoring.
OCBC Bank (O39.SG): Physical gold custody service officially launched today for institutional and private banking clients, offering 400-troy-ounce bars and 1kg kilobars. Gold bar demand +50% YoY in Q1 2026.
Elite Commercial REIT (MXNU.SG) included under CPFIS Ordinary Account from June 9, with dual-currency SGD/GBP trading.
SingaporeKitchen Holdings (5WG.SG): CEO and senior manager face accounting fraud charges but will remain in roles ahead of July 1 court hearing.
Mooreast Holdings (1V3.SG): Completed private placement of 44.45 million shares at S$0.135 each, raising S$6 million gross for working capital.

🇭🇰 Hong Kong & China Markets

📈 Hang Seng -0.37%; Hang Seng China Enterprises -0.20%.
Wuxi Biologics (2269.HK) and other Chinese healthcare and biotechnology companies were added to the US military enterprise blacklist, restricting US institutional investment and triggering HK-listed declines.

📅 Key Events Tonight / This Week

🇺🇸 US CPI (May) — Tonight, June 10, 20:30 SGT (forecast +4.2% YoY, highest since April 2023; key Fed rate path signal)
🇨🇳 China CPI (May) — Tonight, June 10
🇺🇸 Oracle Q4 FY2026 — Tonight after US close (OCI cloud growth; AI RPO USD 553B after Q3)
🇺🇸 Apple WWDC 2026 — Ongoing (multi-day)
🇺🇸 SpaceX final IPO pricing — Tomorrow, June 11 (USD 250B subscriptions, 4x oversubscribed)
🇺🇸 Weekly Jobless Claims — Tomorrow, June 11, 20:30 SGT
🇺🇸 SpaceX Nasdaq debut (SPCX) — Friday, June 12
🌍 US-Iran military situation — Ongoing (Trump ordered "strong retaliation"; deal "close" per Trump)

Disclaimer: For reference only, not investment advice.