Israel and Gaza Resume Fire, Trump Busy with Damage Control, Hwang's Pre-Market Optimism Fails to Rescue South Korean Stock Market, Bitcoin Shows Strong Rebound

June 8: Overnight, Iran fired multiple missiles at Israel in retaliation for Israeli military actions in Lebanon. This marks Iran’s first direct missile strike since the April 8 ceasefire. U.S.-Iran negotiations have hit another roadblock, with former President Donald Trump emerging as their most vocal critic. Trump advised Iran, “You’ve already launched your missiles—that’s more than enough. It’s time to return to the negotiating table and reach a deal.” He added that he plans to call Israeli Prime Minister Benjamin Netanyahu immediately to urge him “not to retaliate.” Separately, Nvidia moved quickly to announce a multi-year technology partnership with South Korea’s SK Hynix ahead of the Seoul stock market’s opening bell. However, market analysts noted the deal announcement lacked specific details and binding commitments, raising doubts about the partnership’s sincerity. The market did not respond positively to the so-called “positive” news. Data from Bitget shows the South Korean stock market opened with further losses: the KOSPI index plunged 8% to trigger a circuit breaker, while shares of both Samsung and SK Hynix fell by 10%. Against the backdrop of broader market turmoil, the already oversold cryptocurrency market is standing out as the day’s bright spot. Bitcoin has rallied more than 2% this morning, now trading at $63,242.44.