US-Iran Talks Progress Boosts Asian Stocks: STI Up 0.22%
Progress in US-Iran peace talks eased fears of breakdown, pushing Asian stocks mostly higher. Singapore STI closed up 0.22%, Japan Nikkei hit new highs, led by AI and semiconductors.
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Progress in US-Iran peace talks eased fears of breakdown, pushing Asian stocks mostly higher. Singapore STI closed up 0.22%, Japan Nikkei hit new highs, led by AI and semiconductors.
Progress in US-Iran talks eased geopolitical concerns, lifting most Asian markets. Singapore's STI closed up 0.22%. Japan's market hit record highs, with AI and semiconductor sectors leading gains. Market awaits US PCE data.
Singapore ranked first in Multipolitan's 'Most Crypto-Friendly Cities' index, highlighting regulatory transparency, tax efficiency, and institutional infrastructure as decisive factors for adoption.
Under Golden Tax Phase IV's tight supervision, a tax back payment wave hits the pharmaceutical industry. BeiGene's subsidiary paid about 446 million yuan in back taxes and late fees; Aier Eye Hospital also faced a large amount.
Fed under Kevin Warsh holds rates steady, removes easing bias language from statement, significantly streamlines wording. Dot plot shows no rate cuts expected this year, inflation forecasts raised. Market eyes possible shift to hikes.
Fed's latest rate decision held the benchmark rate at 3.5%-3.75%, with the dot plot showing divergence among officials on rate hikes before end-2026. The policy statement removed language on further rate adjustments, while inflation and growth forecasts were revised.
Micron releases FY2026 Q3 results on June 24. High market expectations; can the AI storage super cycle continue? Focus on HBM, enterprise SSD, testing storage chips in AI hardware investment.
Fed hawkish signals weigh on gold, which has fallen ~28% from all-time highs. Several banks cut gold targets, but long-term outlook uncertain. Investors be cautious.
Zhongji Health after resuming trading: 2025 bulk tomato paste sales 132,100 tons but gross margin -20.41%, still net loss of 293 million yuan (recurring). Price drops and 720-day shelf life pressure.
Tencent's AI agent is reportedly set to debut as early as this month, potentially leveraging WeChat's ecosystem of over 1.4 billion users to enable one-click merchant orders. Amid market divergence, options funding signals and low valuations together point to a valuation revaluation.
Singapore's first rainbow trout farm Blue Aqua starts trial, using RAS system. Initial annual output 1,200 tonnes, could reach tables by year-end. First batch of fish about 350-400 grams.
US stocks closed lower Wednesday, Dow fell about 500 points, tech stocks led declines, treasury yields surged. After Warsh's first Fed meeting, dot plot turned hawkish, market reassesses 2026 rate hike expectations and monetary policy path.
Fed dot plot may fade; market focuses on Warsh's inflation stance, forward guidance changes, and rate hike signals before his debut. Inflation remains high due to AI investment and energy prices; rate cut expectations may vanish from dot plot, raising rate market volatility.
The Fed's latest economic projections show one rate hike in 2026, with the median federal funds rate rising to 3.8%. However, new Chair Kevin Walsh did not submit his own forecast, drawing attention to the outlook and policy communication.
During the G7 summit in France, Trump's stance on Ukraine softened, and he said 'I'm the boss.' The summit unanimously supported Ukraine and imposed new sanctions on Russia. The joint statement may boost Ukraine's bargaining power.