To The Moon

Last Week's Recap

1. Weekly Market Digest: Peace Deal Rally, Warsh's Hawkish Hold, PPI Shocks, Oil Crashes

• Peace deal — U.S.-Iran peace agreement reopened the Strait of Hormuz; NASDAQ +2.43%, S&P 500 +0.93%. Tech/semis surged double-digits; SpaceX ($SPCX) jumped ~20% in its second trading day.

• Fed debut — Warsh's first FOMC held rates steady but left the door open for late-2026 hikes; press conference spooked markets Wednesday (S&P -1.4%, NASDAQ -1.5%), with a partial Thursday rebound ahead of the holiday weekend.

• PPI shock — Wholesale prices rose 1.1% MoM, crushing the 0.7% consensus and reigniting inflation fears.

• Bond swings — 10-year Treasury yield traded around 4.48% early week before settling near 4.46%; the 2-year climbed 15bp as markets repriced Fed expectations post-meeting.

• Oil crash — WTI tumbled to ~$75 (lowest since early March), down nearly 40% from conflict peaks over six straight losing days. The IEA warned of a looming supply glut, projecting an 8M bpd supply increase by 2027 against just 2M bpd demand growth, with 100+ stranded tankers set for release.

• Gold tug-of-war — Geopolitical relief weighed on gold, but lower oil prices eased inflation fears and provided support; remains well below its January $5,589 record high.

• Bitcoin flat — BTC ended the week roughly unchanged, briefly dipping below $62,300; still recovering from its sub-$60,000 break two weeks ago.

• Japan surges — Nikkei 225 +7.62%, TOPIX +4.80% on AI capex. BoJ hiked 25bp to 1.0% (highest since 1995) and reduced JGB purchases; yen weakened to ~160.8.

2. US Market – SPX gains 0.93% as semiconductor rebound offsets healthcare and energy drag

The $S&P 500(.SPX)$ gained 0.93% and closed at 7,500.58, as a powerful rebound in semiconductor names offset sharp declines in healthcare and energy majors. The index reclaimed the 7,500 level as AI infrastructure demand revived chip-sector sentiment.

Industry leaders: Hydrogen Energy (+30.61%), NVIDIA Portfolio (+25.32%), Heavy Electrical Equipment (+23.72%).

10 Popular Stocks:

• $ARM Holdings(ARM)$ +28.41% — The chip-design IP leader skyrocketed on AI edge-computing demand and licensing momentum across smartphone and data-center markets.

• $Taiwan Semiconductor Manufacturing(TSM)$ +9.75% — The world's largest foundry rallied on resilient front-end capex and advanced-node demand from AI chip customers.

• $Micron Technology(MU)$ +13.87% — The memory-chip maker surged on HBM supply-demand tightness and recovering AI server DRAM pricing.

• $Intel(INTC)$ +14.56% — The chipmaker bounced back on restructuring progress and foundry strategy clarity, with bargain hunters stepping in at depressed valuations.

• $Applied Materials(AMAT)$ +11.67% — The semiconductor equipment giant advanced on AI-driven wafer fabrication demand and expanding memory capex.

• $Advanced Micro Devices(AMD)$ +10.02% — The chip designer rallied on AI accelerator market-share optimism and data-center revenue growth.

• $Microsoft(MSFT)$ -2.8% — The cloud giant slipped on Azure growth deceleration concerns and profit-taking after recent strength.

• $Eli Lilly(LLY)$ -5.37% — The pharma heavyweight retreated on GLP-1 pricing pressure fears and manufacturing scale-up execution risks.

• $Exxon Mobil(XOM)$ -6% — The supermajor tumbled alongside Brent crude weakness and OPEC+ supply increase speculation.

• $Johnson & Johnson(JNJ)$ -4.17% — The healthcare bellwether declined on pharmaceutical pipeline concerns and rotation out of defensive names.

Performance is subjected to market volatility

3. Hong Kong Market – HSI tumbles 3.21% as energy collapse and tech weakness overwhelm HSBC rally

$HSI(HSI)$: The Hang Seng Index plunged 3.21% and closed at 23,924.81, as a brutal selloff in energy majors and tech giants overwhelmed strength in HSBC and Zijin Mining. The index broke below the 24,000 support level.

The $HSTECH(HSTECH)$ declined 2.14% and closed at 4,604.35.

Industry leaders: Systems Software (+58.29%), Electronic Components (+24.48%), Fast Food Chainstore (+20.52%).

9 Popular Stocks:

• $MONTAGE TECH(06809)$ +22.3% — Surged on AI chip and memory interface demand.

• $ZIJIN MINING(02899)$ +10.24% — Advanced as gold prices stabilized and copper demand remained resilient.

• $HSBC HOLDINGS(00005)$ +7.58% — Rallied on Asian franchise strength and dividend yield attraction.

• $Agricultural Bank Of China Limited(601288)$ -3.57% — Pulled back on profit-taking after recent strength.

• $TENCENT(00700)$ -3.72% — Slipped on gaming and fintech valuation compression.

• $BYD COMPANY(01211)$ -4.83% — Fell on EU tariff escalation fears and domestic EV price-war margin pressure.

• $PICC P&C(02328)$ -5.28% — Declined on property-sector exposure and investment-yield pressure.

• $PETROCHINA(00857)$ -7.36% — Tumbled alongside Brent crude weakness and petroleum complex profit-taking.

• $CNOOC(00883)$ -9.47% — The offshore oil specialist collapsed on oil price retreat and high beta to crude.

Performance is subjected to market volatility

4. Singapore Market – STI gains 3.32% as banks and industrials power the index

The $Straits Times Index(STI.SI)$ surged 3.32% and closed at 5,192.7, briefly touching an all-time high of 5,226.03 during the week.

Sectors: Real Estate Development (+23.30%), IT Consulting & Other Services (+15.56%), Software & IT Services (+14.77%).

9 Popular Stocks:

• $YZJ Shipbldg SGD(BS6.SI)$ +6.9% — Advanced on strong order-book momentum and defense-spending tailwinds.

• $SGX(S68.SI)$ +6.02% — Surged on rising volumes. 1HFY2026 net revenue S$695.4M (+7.6% YoY), Equities-Cash up 16.2%.

• $OCBC Bank(O39.SI)$ +4.81% — Advanced on resilient regional credit and record non-interest income. Closed at SGD 24.63.

• $DBS(D05.SI)$ +4.3% — Touched 52-week high of SGD 66.25; market cap SGD 187.17B. Q1 net profit S$2.93B, 17.0% ROE. UOB Kay Hian Buy at SGD 66.75.

• $Wilmar Intl(F34.SI)$ +4.48% — Advanced on resilient food-products demand; P/E 13.36, 4.19% yield.

• $Sembcorp Ind(U96.SI)$ +3.1% — Gained on energy transition tailwinds.

• $ST Engineering(S63.SI)$ +2.46% — 1QFY2026 earnings up >15% YoY; YTD return 28.37%, outperforming STI's 9.46%.

• $HongkongLand USD(H78.SI)$ -3.68% — Declined on Hong Kong office leasing concerns; P/B 0.51, 3.41% yield.

• $Top Glove(BVA.SI)$ -9.8% — Collapsed on weak demand and margin compression; trades at SGD 0.23, market cap SGD 1.84B.

Performance is subjected to market volatility

5. Australian Market – XJO edges up 0.28% as healthcare and banks offset resource collapse

The $S&P/ASX 200(XJO.AU)$ gained 0.28% to 8,828.7, as strength in healthcare, banking, and aviation offset a brutal selloff in energy and miners.

Sectors: Semiconductors (+28.75%), Semiconductor Equipment (+22.95%), Interactive Home Entertainment (+21.35%).

9 Popular Stocks:

• $CSL LIMITED(CSL.AU)$ +8.19% — Surged on resilient plasma-collection volumes and CSL Behring pricing momentum.

• $QANTAS AIRWAYS LIMITED(QAN.AU)$ +7.59% — Advanced on international route recovery and corporate travel rebound.

• $NATIONAL AUSTRALIA BANK LTD(NAB.AU)$ +3.4% — Rebounded on half-year result digestion and improved SME credit outlook.

• $AMCOR PLC-CDI(AMC.AU)$ +3.2% — Gained on consumer staples resilience and recycling technology partnerships.

• $Macquarie(MQG.AU)$ +3.04% — Advanced on resilient commodity-trading profits and green-infrastructure realisations.

• $BHP GROUP LTD(BHP.AU)$ -2.43% — Pulled back on copper profit-taking and Chinese steel-demand headwinds.

• $Rio Tinto Ltd(RIO.AU)$ -3.77% — Declined on Pilbara shipment concerns and Oyu Tolgoi operational challenges.

• $WOODSIDE ENERGY GROUP LTD(WDS.AU)$ -7.04% — Collapsed alongside Brent crude weakness and LNG spot pricing softness.

• $SANTOS LIMITED(STO.AU)$ -9.54% — Tumbled on production guidance cuts and rising PNG/Cooper Basin operating costs.

Performance is subjected to market volatility

The Week Ahead

1. Macro Factors

• New Home Sales – Wednesday

• Energy Information Administration Oil Situation Report – Wednesday

• Durable Goods Orders – Thursday

• Gross Domestic Product – Weekly

• Personal Income and Spending – Thursday

• Unemployment Claims – Thursday

2. Earnings Focus: 22 June-26 June

$Carnival(CCL)$ - Tuesday

$FedEx(FDX)$ - Tuesday

$Micron Technology(MU)$ - Wednesday

$Paychex(PAYX)$ Wednesday

$Trip.com Group Limited(TCOM)$ - Wednesday

$Darden Restaurants(DRI)$ - Thursday