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Finance

SpaceX IPO nears; will Korean stocks weather semiconductor volatility

A sharp drop in U.S. semiconductor shares and supply-demand shifts ahead of a SpaceX listing have emerged as key factors for South Korean stocks this week. The KOSPI remains near record highs, but heavy concentration in chips and fatigue after a rapid rise have increased the risk of bigger swings. Investors are watching U.S. inflation data on June 10 and 11 and the SpaceX listing expected on June 12, alongside foreign selling and sector rotation.

Finance

S&P 500 hits record intraday high; Nasdaq also tops as memory chip shares surge

The S&P 500 rose as high as 7,539.8 in intraday trade, setting another record, with strength led by technology shares. The Nasdaq also hit a new intraday high, while the Dow fell 216 points. Chip stocks, especially memory-related names, surged, led by Micron. Nvidia also supported gains after a price-target increase. Middle East developments, oil prices and rate expectations remained key intraday variables.

Crypto

Bitcoin recovers above $81,000 after U.S. inflation hit, eyes rebound amid record Wall Street highs

Bitcoin recovered above $81,000, recouping most losses triggered by a U.S. inflation shock. As U.S. stocks set fresh records and oil retested $100 a barrel, markets cited stronger risk appetite. The Kobeissi Letter pointed to record U.S. leveraged ETF assets and rising global money supply, with U.S. M2 up to $22.7 trillion. Traders said key moving-average support levels will shape near-term price direction.