Key News
1. The US May unadjusted CPI annual rate was 4.2%, in line with market expectations and a new high since April 2023.
2. The US May unadjusted core CPI annual rate was 2.9%, in line with market expectations and a new high since September 2025.
Individual Stock News
1. According to sources, SK Hynix plans to list in the US as early as August; the US Securities and Exchange Commission may approve SK Hynix's American Depositary Receipts (ADR) listing application in the week of June 22.
2. TSMC (TSM.N): May revenue increased by 30% year-on-year to NT$416.98 billion (approximately US$13.2 billion).
3. According to sources, Starbucks (SBUX.O) is considering several options for its Japanese business, including the sale of a portion of its stake.
4. Advanced Micro Devices (SMCI.O) announced plans to raise up to US$7 billion through a share offering to purchase components and equipment needed to fulfill customer orders.
5. Meta Platforms (META.O): Reliance Industries will build a 168 MW data center, which Meta will lease and can choose to expand.
6. Saudi Arabian and Kuwaiti sovereign wealth funds reportedly placed orders of $1 billion to $5 billion each in SpaceX's IPO.
7. Applied Materials (AMAT.O) officially opened its new $500 million campus in Tampines, Singapore, further expanding its new manufacturing and R&D operations.
8. Stellartis (STLA.US) European operations head: The EU needs to provide more flexibility on the 2030 CO2 emission targets for commercial vans.
9. Trump Media Technology Group (DJT.O): Parties involved have decided not to proceed with the potential spin-off of some of TMTG's media assets (including Truth Social) at this time.
