Public Markets 24 Hours

Last updated: June 24, 2026, 11:30 PM ET

Technology & AI

Asian technology stocks experienced significant volatility as jitters surrounding artificial intelligence persisted, with chip-dominated markets highlighting the global equity dependence on AI enthusiasm swung wildly. SK Hynix Inc. saw its shares surge, unveiling plans for a $29 billion U.S. listing to capitalize on this demand seeking $29 billion, a move analysts believe will boost valuations through expansion boosts valuation hopes. Another memory chipmaker, Micron Technology Inc., also delivered an upbeat forecast that reignited confidence in the AI trade, sparking a rally in U.S. equity futures and poised Asian stocks for gains projected to last beyond 2027. The company's earnings report, showing profits soaring nearly 1,400% amid a global memory chip shortage, drove shares higher in after-hours trading profits soar nearly 1,400%. Qualcomm revealed Meta as its first major Big Tech customer for data center chips, with the announcement and a higher revenue outlook boosting its shares reveals Meta as customer. Meanwhile, AI company Anthropic accused Alibaba of obtaining "illicit" access to its Claude chatbot, alleging the e-commerce giant used fake accounts to extract its capabilities accuses Alibaba of access.

Energy & Commodities

Oil futures extended their declines, erasing most of the gains made since the start of the U.S.-Iran conflict, driven by signs of swelling supply and progress on a potential peace deal extends drop erasing gains. A key oil market indicator, the spread between front-month contracts, flipped to a bearish contango structure for the first time since February, as an agreement to reopen the Strait of Hormuz boosts Middle East flows flips to contango. U.S. oil shale executives expressed frustration, stating that the White House's erratic communications regarding the conflict are sowing chaos and hindering planning efforts sow energy market chaos. China's copper manufacturer Zhejiang Hailiang Co. is betting that American customers will absorb higher prices resulting from potential U.S. tariffs on refined copper demand can bear tariffs. Gold steadied near $4,000 an ounce, having fallen below this threshold for the first time since November, pressured by a resurgent U.S. dollar and the prospect of sustained higher interest rates steadies near $4,000.

Global Markets & Equities

The Nikkei futures showed a bullish bias on the daily chart, with momentum curling higher after recent market fluctuations bullish bias on chart. Japan's Kioxia Holdings Corp. plans to offer U.S. depositary shares in the spring of 2027, aiming to capitalize on strong demand for exposure to the booming AI rally in global semiconductor shares plans US depositary shares. In Southeast Asia, Thailand's stock market is outperforming its regional peers, with investors finding an unexpected avenue for exposure to the global artificial intelligence boom Southeast Asia's AI winner. Australian hiring rebounded robustly in May, reversing previous losses and pushing the jobless rate lower, reinforcing the Reserve Bank's view of a persistently tight labor market hiring rebounds in May. The Singapore dollar consolidated ahead of significant U.S. economic data releases, indicating caution among traders dollar consolidates ahead of data.

Central Banks & Monetary Policy

Naoki Tamura, a hawkish board member of the Bank of Japan, advocated for raising interest rates every few months and accelerating the pace due to heightened inflation risks rate hike every few months. China's central bank is introducing an overnight tenor into its open-market operations, a significant step toward reshaping its approach to steering short-term borrowing costs plans overnight reverse repo. The European Central Bank's top priority remains price stability, a task made slightly easier by retreating oil prices, according to Governing Council member Ante Zigman price stability is key. Hedge funds' increasing exposure to U.S. Treasuries is largely attributed to the revival of the cash-futures basis trade, the Federal Reserve reported basis trade key driver.

Corporate & Deal News

Bain Capital is nearing a deal to acquire a controlling stake in Volkswagen AG's heavy diesel engine unit, Everllence, concluding a highly competitive private equity auction nears deal for unit. Spain's Jamieson Wellness Inc. is exploring a potential sale, engaging Bank of Montreal and Canaccord Genuity Group Inc. as advisors explores selling itself. In a significant move for the semiconductor industry, SK Hynix Inc. is seeking to raise approximately $29.4 billion through a U.S. listing to fund its expansion amid the memory chip boom seeks $29 billion listing. The luxury conglomerate LVMH is contesting claims from an Hermès heir regarding his missing fortune, stating it was unaware of any share misappropriation during its covert stake-building in the rival company fires back at heir. China is marketing up to €5 billion ($5.7 of sovereign bonds, potentially marking its largest-ever euro-denominated issuance marketing record €5 billion.

Financial Services & Regulation

All major U.S. banks successfully cleared the Federal Reserve's annual stress test, immediately enabling them to increase share buybacks and dividends pass Fed stress test. JPMorgan Chase and Goldman Sachs opted to boost dividends after receiving passing marks on the tests boost dividends after passing. China has urged domestic rating firms to reduce the concentration of top-tier AAA ratings in its bond market, a concrete step toward improving credit risk assessment following years of record issuances pushes rating firms to review AAA. A cryptocurrency exchange, Coin Ex, has reportedly facilitated over $3.84 billion in transactions for Iranian entities, according to an analysis of public blockchain data major hub for illicit cash. The U.K. regulator has dropped its probe into the "Essex Boys" group of oil traders after they offered to donate £1 million ($1.3 to charity to settle the investigation into potential collusion drops probe after charity offer.

Economic Outlook & Trends

India's retail traders are increasingly engaging in leveraged stock bets, with proposed regulatory reviews potentially allowing brokers access to additional funding sources traders pile into leveraged bets. Indonesia has spent decades cultivating its status as a key emerging market, and its potential loss of this designation carries significant implications for Southeast Asia's largest economy what if Indonesia loses status. The push for passive income is emerging as a new American dream, with individuals turning to social media to explore unconventional money-making schemes as many perceive traditional 9-to-5 jobs as a dead end passive income is new dream. China's workforce is projected to decline to 300 million by the end of the century, prompting Beijing to explore the use of humanoid robots to mitigate the labor gap robot nation to bridge gap.