{"id":628552,"date":"2026-06-09T03:16:10","date_gmt":"2026-06-09T03:16:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/628552\/"},"modified":"2026-06-09T03:16:10","modified_gmt":"2026-06-09T03:16:10","slug":"asia-market-quick-take-09-june-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/628552\/","title":{"rendered":"Asia Market Quick Take \u2013 09 June, 2026"},"content":{"rendered":"<p>Asia Market Quick Take \u2013 9\u00a0June, 2026<\/p>\n<p>Key points: \u00a0<\/p>\n<p>Macro:\u00a0Iran and Israel halt attacks. Inflation expectations rise.\u00a0Equities:\u00a0Intel gains 11% after Alphabet orders 3M TPUs\u00a0FX:\u00a0Dollar slips; USDJPY hovers 160, AUD lags, risk sentiment firmer\u00a0Commodities:\u00a0WTI pares most of the gains retracing back towards $91\u00a0Fixed income:\u00a02-year yield briefly hit 4.20%,\u00a0its\u00a0highest since February 2025\u00a0<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212; \u00a0<\/p>\n<p>  \u00a0 \u00a0<\/p>\n<p>Disclaimer: Past performance does not\u00a0indicate\u00a0future performance. \u00a0<\/p>\n<p>  \u00a0Macro:\u00a0\u00a0<\/p>\n<p>Iran and Israel agreed to halt attacks,\u00a0easing fears of a wider conflict and energy-driven inflation. President Donald Trump said both sides were seeking an immediate ceasefire and that final negotiations were progressing.US one-year-ahead inflation expectations slipped to 3.5% in May from 3.6%.\u00a0Consumers see slower price growth for gas, medical care, and college, but faster for homes, food, and rent. Three- and five-year expectations were steady at 3.1% and 3%. Expected earnings growth stayed at 2.7%,\u00a0spending growth fell to 5%, and unemployment expectations edged down to 43.2%.<\/p>\n<p>Equities: \u00a0<\/p>\n<p>US \u2014\u00a0Wall Street staged a recovery on Monday after Friday&#8217;s sharp selloff. The S&amp;P 500 rose 0.3% to 7,405.73 and the Nasdaq 100 jumped 1.6%, its best day in over a week, led by a rebound in semiconductors. The Philadelphia Semiconductor Index surged 5.6% after its biggest one-day drop since March 2020 on Friday.\u00a0Intel rose 11.2% on a reported order from Alphabet for over 3 million TPUs.\u00a0Micron gained 9.9%\u00a0while\u00a0Apple fell after its AI event\u00a0revealed the\u00a0new Siri AI. Brady Corp. tumbled as much as 17% after its CEO announced retirement. Financials underperformed, falling 0.6%. Nasdaq 100 futures are little changed in after-hours trade, with Asian futures pointing to a relief rally.EU \u2014\u00a0European stocks ended broadly flat to slightly lower on Monday, with the Stoxx 600 down 0.1% to 621.73 as conflicting Middle East signals drove volatile intraday swings. The DAX fell 0.6% to 24,616 and the SMI dropped 0.5%. The FTSE 100 was little changed at 10,373.\u00a0Zealand Pharma plunged 22.7% on competitive concerns over its weight-loss drugs, dragging Novo Nordisk down 4.2%. Banca Monte\u00a0dei\u00a0Paschi surged 12.2% after both Banco BPM and Intesa Sanpaolo\u00a0reportedly made\u00a0separate takeover bids. French broadcaster M6 rose as much as 12% on reports of a potential merger with TF1. Chemicals underperformed after Goldman Sachs downgraded the sector. AI hardware stocks bucked the trend, gaining ~1.8%.Asia \u2014\u00a0Asian markets suffered their biggest single-day drop since March on Monday, led by a violent selloff in South Korea.\u00a0The Kospi tumbled 8.3% as investors unwound crowded AI and semiconductor positions, with Samsung and SK Hynix among the largest drags. The Hang Seng fell 1.2% to 24,657, its lowest close since March 23, with Alibaba down 2.9% and Baidu dropping 7.6%. The Hang Seng Tech Index lost as much as 3.7%. The Straits Times Index dropped 1.7% to 4,963.67, its biggest decline since March 23, with SATS falling 3.3%. The CSI 300 declined 2.1%. South Korea unveiled emergency FX measures to stem won volatility.\u00a0As of this morning, futures point to a sharp rebound \u2014 Nikkei futures up over 2% and Kospi futures up over 5%\u00a0\u2014 as Middle East tensions ease and the US chip rally provides a tailwind.<\/p>\n<p>Earnings this week:\u00a0<\/p>\n<p>Tuesday: Casey\u2019s General Stores, JM Smucker, SailPoint, Uranium Energy, Academy SportsWednesday: Oracle, Core &amp; Main, Chewy, Navan, Pennon GroupThursday: Chow Tai Fook, Adobe, Halma, Lennar, LPP, Do &amp; Co\u00a0<\/p>\n<p>FX:\u00a0<\/p>\n<p>USD\u00a0softened slightly but\u00a0remains\u00a0higher month\u2011to\u2011date.The Bloomberg Dollar Spot Index briefly touched its highest level since April 7 \u2014 a two-month high \u2014 driven by strong US jobs data and hawkish Fed repricing, before paring gains as Iran-Israel ceasefire reports\u00a0emerged.USDJPY\u00a0is trading around 160.15\u2013160.18,\u00a0virtually at\u00a0its 52\u2011week high of 160.44 and under persistent upward pressure; intervention risk from Japan is elevated.EURUSD\u00a0edged up 0.11% to 1.1535 but\u00a0remains\u00a0in a month\u2011to\u2011date downtrend (\u20111.09%).\u00a0USDCAD\u00a0closed at 1.3956, marking a fourth consecutive session of USD gains and the strongest NY close since December 4, 2025.AUDUSD\u00a0is hovering near 0.7043 at a two\u2011month low after falling through its 100\u2011day moving average; traders are watching support at the March 30 low and a sizable A$752 million option expiry at 0.7050 today, amid concern that China\u2011related support for the AUD is quietly eroding.\u00a0<\/p>\n<p>Commodities:\u00a0<\/p>\n<p>Oil spikes on Middle East escalation, then pares:\u00a0Brent crude surged as much as 5.4% to $98.08\/bbl after Israel retaliated against Iranian missile attacks, before paring gains to around $94.70 as Iran signalled the military operation had ended. Oil volatility remains elevated as the Strait of Hormuz standoff continues to disrupt supply routes.Gold loses safe-haven bid as yields rise:\u00a0Gold fell 3.3% in the prior session and was trading near $4,325\/oz, having broken below key long-term technical support. Rising real yields \u2014 the 10-year real yield rose to 2.18%, up 15bps this month \u2014 are increasingly weighing on bullion. Citi lowered its three-month gold price target to $4,000\/oz from $4,300, citing rate-hike bets and softer physical demand.Copper holds firm on AI demand:\u00a0LME 3-month copper closed higher at $13,615.50\/ton, supported by structural demand from AI data centre construction and power infrastructure buildout. Analysts note the metals rally is broadening as capital expenditure on AI accelerates.<\/p>\n<p>Fixed income: \u00a0<\/p>\n<p>US Treasury yields grind higher:\u00a0The 10-year yield rose ~3bps to 4.556% and the 30-year yield climbed to 5.03%, holding above the key psychological level. The 2-year yield briefly touched 4.20% \u2014 its highest since February 2025 \u2014 before paring to ~4.16% on ceasefire reports. Yields remain elevated following Friday&#8217;s strong jobs print, with 10-year real yields at a one-year closing high of 2.18%.JPMorgan raises 10-year yield forecast to 4.70%:\u00a0JPMorgan strategists revised their year-end 10-year Treasury yield forecast to 4.70% from 4.50%, citing a resilient labour market and questions over whether current monetary policy is actually restrictive. The bank recommends staying short Treasuries versus Bunds.European bonds slip; ECB hike priced in:\u00a0Bunds and Gilts edged lower as oil prices held gains and markets fully priced 25bps of ECB tightening for Thursday&#8217;s meeting, with ~70bps of total hikes expected this year. Schroders is reportedly building a significantly overweight position in Italian BTPs at the expense of Treasuries and Bunds, citing Italy&#8217;s relative political stability.<\/p>\n<p>For a global look at markets \u2013 go to <a rel=\"noopener noreferrer nofollow\" href=\"https:\/\/www.saxotrader.com\/sim\/instant-demo\/InstantDemo-EN-SG\/research\/inspiration\/inspiration\" target=\"_blank\" style=\"font-size:0.875rem;background-color:#ffffff\">Inspiration<\/a>.  \u00a0<\/p>\n<p>This content is marketing content and should not be considered investment advice. Trading financial instruments carries risks and historic performance is not a guarantee for future performance.\u00a0The instrument(s) mentioned in this content may be issued by a partner, from which Saxo receives promotion,\u00a0payment\u00a0or retrocessions. 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Inflation expectations rise.\u00a0Equities:\u00a0Intel&hellip;\n","protected":false},"author":2,"featured_media":628553,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[59,57,58,50,56,54,55],"class_list":["post-628552","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-gb","tag-great-britain","tag-greatbritain","tag-news","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/628552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=628552"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/628552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/628553"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=628552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=628552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=628552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}