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On June 30, China's central bank set a stronger yuan mid-point at 6.8109 against the dollar, up 66 basis points in the largest single-day rise recently. This move signals potential policy shifts in managing forex volatility.
Read MoreOn June 30, spot gold prices fell below the key $3990 per ounce support level, with a daily decline of 0.66%. Spot silver followed the downtrend, dropping 1.72% to $57.28 per ounce, indicating broad weakness in the precious metals market.
Read MoreDespite support from geopolitical risks and central bank buying, gold remains weak. The key factor lies in liquidity pressure, as capital flows into AI and tech sectors divert funds away from gold ETFs, closely tied to price movements.
Read MoreSouth Korea's KOSPI index fell sharply by 2% during trading. Heavyweight stocks Samsung Electronics and SK Hynix led the decline, with the semiconductor sector under pressure, highlighting growing investor concerns over global economic growth and industry cycles.
Read MoreThe AI semiconductor boom is revealing a hidden vulnerability: critical materials like tungsten. Supply constraints and soaring prices for high-purity tungsten, essential for chip interconnects, could become a major bottleneck, threatening advanced chip production beyond just manufacturing equipment.
Read MoreSpot gold prices have retreated from recent highs, falling below the critical $4,000 per ounce level with a 0.4% daily decline. This break below a key psychological and technical threshold signals potential short-term pressure and has prompted a reassessment of the market's bullish momentum.
Read MoreMorgan Stanley analysts have raised TSMC's price target by 12% to NT$2,888, citing improved revenue outlook and stronger pricing power as key drivers behind their bullish stance on the chipmaking giant.
Read MoreFormer BOJ board member Kenzo Yamamoto suggests the central bank may need to raise interest rates sooner than the widely anticipated December timeline. He argues the current overly accommodative conditions necessitate quicker policy normalization, signaling a potential acceleration in monetary tightening.
Read MoreHoneywell has finalized the spin-off of its aerospace business, which now operates independently as Honeywell Aerospace. The new entity began trading on Nasdaq under the ticker "HONA" on June 29, while the parent company retains the "HON" ticker.
Read MorePresident Trump demands immediate gasoline price cuts, targeting $2.50 per gallon. He argues current prices are unjustified given falling crude oil costs, warns retailers against price gouging, and criticizes California's high fuel taxes, threatening consequences for non-compliance.
Read MoreFundstrat's Tom Lee acknowledges short-term macro pressures on crypto but argues underlying trends like tokenization, AI integration, and digital currency adoption remain powerful. Extreme pessimism may signal a potential turning point for strategic investors.
Read MoreIran's Foreign Ministry spokesperson stated the current priority is ensuring the implementation of key memorandum terms, including oil exports and unfreezing assets. A technical team will visit Qatar to follow up. Iran clarified it has not initiated final deal talks and will not engage in any negotiations with the US in the coming days.
Read MoreOvernight markets were active with key developments. The Fed is likely to hold rates in July (70.1% probability), while the yen hit a 40-year low, boosting Japanese stock outlook. SpaceX discussed stock donations with the US government, OpenAI may accelerate its IPO, and the US Treasury launched a sanctions appeal portal.
Read MorePresident Trump announced U.S.-Iran talks in Doha on June 30, claiming military and oil price victories. Iran denies formal negotiations, creating diplomatic ambiguity. The meeting's significance remains unclear amid conflicting statements from both sides.
Read MoreThe yen's plunge to a 40-year low against the dollar boosts Japanese exporters and stock market prospects, but also raises import costs and household burdens. Traders are watching for potential intervention by authorities as the currency tests key levels.
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