Hot Topics
The geopolitical situation in the Middle East is rapidly escalating! Gold and Crude Oil surged sharply in the Asian session, while US equity index futures fell by over 1%.
The geopolitical situation in the Middle East is rapidly escalating. According to CCTV, Israel has launched an attack on Iran. Al Jazeera reports that a huge explosion was heard in Tehran, Iran. Israeli Defense Minister Katz stated that following Israel's attack on Iran, missile and drone attacks targeting Israel and its civilians are expected in the near future. Gold and Crude Oil have surged in the short term, with spot gold breaking through the $3,400 threshold, and US equity index futures are down over 1%.
The United States announced that starting from the 23rd, tariffs will be imposed on steel-made household appliances, including washing machines and refrigerators.
CCTV reporters learned on June 12 local time that the U.S. Department of Commerce announced that starting from June 23, tariffs will be imposed on various steel household appliances, including dishwashers, washing machines, and refrigerators, as 'derivatives of steel'. It is reported that a 50% tariff will be set for most countries, which will affect the import of these steel products and may lead to a rise in consumer prices. Industry stakeholders are closely monitoring the developments.
Trump intensifies pressure on Powell: Idiot! If interest rates are not lowered soon, some 'enforcement measures' will have to be implemented.
Trump criticized Powell as an idiot, stating that lowering interest rates by two percentage points could save the U.S. $600 billion annually, but we can't make this person do it. The U.S. has a large amount of short-term debt and hopes that the cost of debt remains low in the long term. If inflation rises, he does not oppose the Federal Reserve raising interest rates, but inflation is currently decreasing and some measures may be forced. However, Trump stated that he would not dismiss Federal Reserve Chairman Powell.
Bessent: It is expected that the Republican tax cuts will reduce the U.S. budget deficit in the next ten years.
On Thursday, U.S. Treasury Secretary Bessent stated in a Senate hearing that he expects the Republican-led tax cuts will reduce the federal deficit over the next 10 years. He mentioned that if tariff revenues are included, a surplus of $400 billion is expected in the next decade. In a hearing before the House Ways and Means Committee on Wednesday, Bessent had said, "It is not yet certain" whether this legislation will increase federal borrowing. Currently, the bill has passed in the House and is being negotiated in the Senate.
This week's most challenging U.S. Treasury auction has passed the test! The 30-year U.S. Treasury bond remains stable, with strong overseas demand.
On Thursday local time, the U.S. Treasury auctioned $22 billion in 30-year bonds, and overall, the auction was impressive, especially with strong demand from overseas buyers. The market reacted positively, with the yield on 10-year U.S. treasuries dropping to an intraday low of 4.34%. However, analysts pointed out that the U.S. continues to face significant pressure from the supply of long-term treasuries—because the "big and beautiful" spending plan promoted by Trump still requires enormous financing support.
U.S. Stock Market Review
The three major indices rose collectively, with the Nasdaq approaching a historic high.
On Thursday (June 12), U.S. stocks opened lower but rose throughout the day, with all three major indices increasing. The Dow Jones and S&P both reached their highest closing levels in at least three months. By the close, the Dow Jones Industrial Average rose 0.24%, reporting at 42,967.62 points, the highest level since March 6; the S&P 500 Index increased by 0.38%, closing at 6,045.26 points, a new high since February 21; the Nasdaq Composite Index grew 0.24%, standing at 19,662.48 points.
Large technology stocks showed mixed results (arranged by Market Cap), Microsoft rose by 1.32%, NVIDIA increased by 1.52%; Apple gained 0.21%, Amazon rose 0.02%, Google C fell by 1.02%, Meta decreased by 0.11%, Broadcom increased by 1.25%, and Tesla dropped by 2.23%.
Most popular Chinese concept stocks fell, with Xpeng Motors down 5.87%, NIO down 3.21%, Li Auto down 1.8%, Alibaba down 1.45%, New Oriental down 0.96%, and JD.com down 0.36%; ZAI LAB rose 3.94%, Kingsoft Cloud increased by 3.74%, Tencent Music gained 1.29%, Baidu rose 0.3%, and PDD Holdings increased by 0.26%.
Most of the U.S. stocks related to the robotics concept rose, and NVIDIA CEO Jensen Huang stated on Thursday that autonomous vehicles and robotics technology will thrive in the coming years.
Adobe experienced significant volatility after hours, with second-quarter revenue of 5.87 billion dollars exceeding expectations.
$Adobe (ADBE.US)$ Second-quarter revenue was 5.87 billion dollars, while analysts anticipated 5.8 billion dollars; adjusted EPS for the second quarter was 5.06 dollars, compared to analysts' expectations of 4.98 dollars. The company expects full-year revenue to be between 23.5 billion and -23.6 billion dollars, up from the previous forecast of 23.3 billion to -23.55 billion dollars; for the third quarter, the company projects revenue of 5.88 billion to -5.93 billion dollars, matching analysts' expectations of 5.88 billion dollars; third-quarter digital media revenue is expected to be 4.37 billion to -4.4 billion dollars, while analysts expected 4.34 billion dollars. Adobe initially spiked over 6% in after-hours trading but then turned negative, and as of the time of writing, Adobe was down more than 1% in after-hours trading.
Oracle's stock rose over 13%, reaching a record high after its earnings exceeded expectations.
$Oracle (ORCL.US)$ The stock rose over 13%, setting a historical high. Oracle's earnings report showed that the company's revenue and profit exceeded analyst expectations in all areas. Additionally, the company raised its revenue forecast for the next year and provided an optimistic prediction for accelerated growth in cloud infrastructure. Oracle CEO Safra Catz stated during the earnings call that Oracle expects total revenue for fiscal year 2026 to reach at least 67 billion dollars, with a year-on-year growth rate of about 16.7%, compared to the previous forecast of a 15% increase.
The plane crash in India resulted in the deaths of 242 people; the affected flight was a 787-8, and Boeing's stock fell nearly 5%.
Indian media reports that an aircraft crashed at Ahmedabad Airport in Gujarat on the 12th, with thick smoke rising over the airport. According to India's NDTV, the Indian Civil Aviation Authority confirmed that all 242 people on board were killed. NDTV reported that the plane crashed at 1:17 PM local time, was originally scheduled to fly from Ahmedabad Airport to the United Kingdom, and the ill-fated flight AI171 was operated by a 11.5-year-old 787-8 (VT-ANB), making it the first Boeing 787 in the world to be completely lost due to an accident. $Boeing (BA.US)$ The stock price fell nearly 5%.
The United States plans to invoke the Defense Production Act to fund rare earth projects, with MP Materials rising over 8% in after-hours trading.
The Trump administration is formulating plans to discuss using the Defense Production Act to provide financing, loans, and other means for rare earth-related projects, including mining, processing, and other downstream technologies, to strengthen the United States' ability to establish a domestic supply chain. The only rare earth producer in the United States, MP Materials, will be the primary beneficiary, and Deputy Secretary of Defense Steve Feinberg is working to raise funds for the company. Sources say the company has received millions of dollars in funding from the Department of Defense. $MP Materials (MP.US)$ It rose over 8% in after-hours trading.
Market sentiment is explosive! The fintech company Chime saw its stock rise over 37% on the first day of its IPO.
On Thursday during Regular Trading Hours, $Chime Financial (CHYM.US)$ it rose to a high of $44.94, an increase of over 66%, with Chime ultimately closing up over 37% at $37.11. Based on Thursday's closing price, Chime's Market Cap reached $13.5 billion. Chime's listing still marks the restart of the Financial Technology IPO market, which had been 'frozen' for years due to interest rate hikes and valuation resets.
Lisa Su: The AI chip market will exceed $500 billion by 2028.
$Advanced Micro Devices (AMD.US)$ CEO Lisa Su stated that the AI chip market will exceed $500 billion by 2028; the growth rate of the inference chip market will be even more rapid; Musk's artificial intelligence startup xAI is using AMD's MI300 AI chip; MI350 and MI355 chips are being launched; the MI400 chip will be released next year.
Coinbase: will launch the company's first credit card, Coinbase One Card, on the American Express network.
Crypto Digital Currency Exchange $Coinbase (COIN.US)$ It is stated that the first credit card, Coinbase One Card, will be launched on the American Express network. This card is limited to Coinbase One members in the United States. Each purchase transaction will provide cashback of up to 4% in Bitcoin. More information will be disclosed in the fall of 2025.
The release date for the Apple Siri AI upgrade has been postponed until spring next year.
On June 12, according to media reports, $Apple (AAPL.US)$ Siri's team plans to launch an improved voice assistant as part of the iOS 26.4 software update, which will allow Siri to access user personal data and screen activities to better respond to query needs. This feature was originally planned for release in the spring of this year, involving two of Siri's most prominent upgrades: cross-application operational capability and personalized contextual awareness.
The "ETH version of MSTR" SharpLink Gaming Stocks plummeted after the issuance of common stocks and warrants.
"ETH version of MSTR" $SharpLink Gaming (SBET.US)$ After-hours trading fell over 68%. In terms of news, the company submitted a registration statement for selling shareholders to resell up to 91.9 million shares, including approximately 58.7 million common shares, about 10.4 million pre-financing warrants, around 3.5 million strategic advisor warrants, and about 2.8 million placement agent warrants. These shares were issued in the PIPE issuance and registration issuance in May 2025.
Top 20 by trading volume in the US stock market.
Hong Kong Market Outlook
Northbound funds aggressively bought Hong Kong stocks worth nearly 5.6 billion Hong Kong dollars, purchasing over 0.7 billion Hong Kong dollars in Xpeng while selling over 1.6 billion Hong Kong dollars in Alibaba.
On June 12 (Thursday), southbound funds net bought Hong Kong stocks worth 5.585 billion Hong Kong dollars.
$XPENG-W (09868.HK)$、$INNOVENT BIO (01801.HK)$、$China Construction Bank Corporation (601939.SH)$Net purchases of 0.767 billion HKD, 0.437 billion HKD, and 0.398 billion HKD were obtained respectively.
$BABA-W (09988.HK)$、$TENCENT (00700.HK)$、$KUAISHOU-W (01024.HK)$They were net sold for 1.64 billion Hong Kong dollars, 0.832 billion Hong Kong dollars, and 0.817 billion Hong Kong dollars respectively.
The Hong Kong Securities and Futures Commission: Considering a comprehensive optimization of the Shanghai and Shenzhen Stock Connect, studying adjustments to the number of shares per lot for Hong Kong stocks.
The Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated that in the medium to long term, the Commission is researching relevant plans to adjust the number of shares per lot traded, in order to enhance the convenience of trading high stock prices and odd lots, further boosting market liquidity.
JUNSHI BIO plans to allocate 41 million new H shares, raising approximately 1.026 billion Hong Kong dollars.
$JUNSHI BIO (01877.HK)$ Announcement: On June 12, 2025 (after trading hours), the company entered into a placement agreement with the exclusive placement agent, agreeing to place 41 million new H shares at a price of HKD 25.35 per H share. The placement price represents a discount of approximately 11.52% compared to the closing price reported on June 12 on the Hong Kong Stock Exchange. Assuming all placement shares are placed, the total amount expected to be raised from the placement is approximately HKD 1.039 billion, and the expected net proceeds from the placement amount to approximately HKD 1.026 billion.
The controlling Shareholder of Cloudtop New Wave intends to reduce its shareholding by 25 million shares.
$EVEREST MED (01952.HK)$ On June 12, 2025, the company was notified by its controlling shareholder, CBC Group, that it plans to sell 25 million shares ("potential sale") to long-term international investors and professional pharmaceutical investors through large-scale foreign exchange, accounting for approximately 7.63% of the issued capital of the company as of the announcement date. After the potential sale, CBC Group will still hold 84,883,427 shares, representing approximately 25.92% of the issued capital of the company as of the announcement date, demonstrating its strong confidence in the company.
Today's focus.
Keywords: Federal Reserve 'U.S. Quarterly Financial Accounts Report', Eurozone April Trade Balance, University of Michigan Consumer Confidence Index, one-year inflation rate.
On Friday, economic data will include the preliminary value of the one-year inflation rate in the United States, the preliminary value of the University of Michigan Consumer Confidence Index, the seasonally adjusted Eurozone April Trade Balance, and the April Industrial Production Month-on-Month.
In terms of financial events, the Federal Reserve announced the "Quarterly Financial Account Report for the United States."
Futubull Morning Reading:
The best trades, at the beginning, almost always indicate from the numbers that you shouldn't Buy.
——Warren Buffett
Editor/Rocky
