Japanese and South Korean Stock Markets Open Lower

On June 10th, crypto Key Opinion Leader (KOL) Ansem cautioned that upcoming consumer price index (CPI) data, next week’s first Federal Open Market Committee (FOMC) meeting chaired by Jerome Powell, along with the dot plot, combined with the stock market’s persistent strength and summer seasonal factors, may spark risk-off market sentiment and establish a bottom over the coming months. Ansem further noted that at present, there is no capital rotation from tech stocks to Bitcoin (BTC) or Ethereum (ETH), specifically pointing out that MicroStrategy (MSTR) stock is extremely weak with insufficient support levels below current trading levels. Earlier this morning, Ansem announced that he has shorted ETH at $1,640, plans to scale up his short position in the $1,680–$1,700 range, and has set a stop-loss order at $1,735.

June 10 — According to Bitget data, South Korea’s KOSPI index plunged 4% during intraday trading, and is now at 7772.66 points. Key South Korean heavyweight stocks Samsung and SK Hynix both dropped more than 5%.

On June 10, Goldman Sachs’ latest research report stated that the boom in AI server and edge AI/physical AI infrastructure will propel Japan’s electronic components and semiconductor industry into one of the largest and longest market cycles in history. At this still-early stage, the sector’s profits, CROCI, and ROE are expected to exceed historical peaks across the board. The report significantly raised price targets for five Japanese listed companies: Ibiden, Murata Manufacturing, Taiyo Yuden, Renesas Electronics, and Rohm Semiconductor. It emphasized that the market is shifting its focus from AI infrastructure to device proliferation, and Japan’s core suppliers are poised to gain significant benefits.

June 10: U.S. May inflation data hits the wires tonight at 8:30 PM ET. Shifting U.S. price levels have taken center stage for both markets and policymakers. Consensus estimates call for the May Consumer Price Index (CPI) to climb 0.5% month-over-month—nearly three times the typical pace—while year-over-year is projected to jump from April’s 3.8% to 4.2%. That would mark the fastest CPI growth since May 2023, and the first time it’s topped 4% in three years. Bond traders have piled into rate-hike bets in recent sessions, with some even tipping a move as soon as the September policy meeting. This sentiment is especially pronounced in Secured Overnight Financing Rate (SOFR)-linked options trading. After last Friday’s blowout U.S. nonfarm payrolls—way hotter than forecasts and triggering a broad bond sell-off—markets moved fast to reposition. A flurry of recent options trades now price in at least one rate hike this year, with some even betting on two total increases. That said, t

June 10th – According to The Information, OpenAI is in talks for a 20-year lease agreement, which would mark its largest infrastructure investment commitment to date. Nvidia has been discussing providing credit support for the project. (Jinshi)

On June 10th, on-chain analyst EmberCN’s monitoring shows a whale address holding roughly 50 million DAI used 16.87 million DAI to buy 10,376 ETH approximately 12 hours ago, at an average price of around $1,626. After completing the purchase, the address transferred the acquired ETH to a separate storage wallet.