Trade Secrets: Dailies 06.09.2026

US stock futures climbed on Tuesday as the AI trade continued to take center stage on Wall Street, with chip stocks set to gain for a second day.
Chipmaker Micron Technology (MU) stock rose almost 4% in premarket, as Nvidia (NVDA) and Broadcom (AVGO) also edged higher to build on their comeback from Friday’s slump. The action highlighted the strength of AI optimism despite growing concerns that persistent inflation could prompt the Federal Reserve to consider a rate hike this year.
Meanwhile, one of the primary drivers of rising prices — the war with Iran — shows no signs of ending, though President Trump said peace talks are on track after Iran and Israel agreed to end recent tit-for-tat attacks.
OpenAI said after Monday's market close that it had confidentially filed paperwork for an initial public offering, a week after rival Anthropic took the same step. Both AI companies are now positioned to trade on Wall Street as soon as this fall.
Wall Street is gearing up for a major event on Friday, when SpaceX (SPCX) could make its market debut and set a record for the largest public offering in history.
Most Asian stocks rose on Tuesday, aided by a recovery in chipmaking and artificial intelligence stocks from bruising losses in recent sessions, while some easing military tensions in the Middle East also helped.
South Korea’s KOSPI led gains for the day after losses in chipmakers sent the index spiraling in the prior session. Chinese shares rose after trade data for May read stronger than expected on outsized growth in exports.
Regional markets took a mixed lead-in from Wall Street, where technology shares rebounded from deep losses, while other sectors were less upbeat. Markets were encouraged by Israel and Iran agreeing to halt strikes against each other following demands from U.S. President Donald Trump.
South Korea’s KOSPI index surged 3% on a rebound in heavyweight chipmaking stocks, after tumbling 8.3% in the prior session.
Memory chip giants Samsung Electronics Co Ltd (KS:005930) jumped 3.4%, while SK Hynix Inc (KS:000660) surged 7.7%. The latter was also aided by announcing a major partnership with top AI chipmaker Nvidia.
South Korean markets were also encouraged by an upward revision in first-quarter gross domestic product data, which showed the economy growing 1.8% in the first quarter. The increase was driven chiefly by strong semiconductor exports.
Japan’s Nikkei 225 index also benefited from a recovery in tech, rising 0.9% after an over 4% drop in the prior session. The TOPIX index added 0.5%.
Chipmaker Tokyo Electron Ltd. (TYO:8035) jumped 7.6% and was the top performer on the Nikkei, while SoftBank Group Corp. (TYO:9984) fell 0.8%.
But despite Tuesday’s recovery, technology stocks remained skittish after a major wipeout in the sector in recent sessions. Markets questioned whether the AI rally had run too hard, while broader concerns over rising interest rates and the Middle East conflict also spurred profit-taking in the sector.
China’s Shanghai Shenzhen CSI 300 and Shanghai Composite rose 0.4% each after data showed China’s trade surplus grew more than expected in May.
The increase was driven chiefly by an outsized jump in exports, and signaled that the country’s playbook of export-driven economic growth remained squarely in play.
Chinese imports also blew past expectations on more local demand for semiconductors and AI data center components.
Local stocks showed little reaction to the U.S. adding tech giants including Alibaba Group (HK:9988), Baidu Inc (HK:9888), and BYD (HK:1211) to a blacklist of companies with ties to the Chinese military. Baidu and BYD rose slightly, while Alibaba fell 0.5%.
Hong Kong’s Hang Seng index fell 0.2%.
Among broader Asian markets, Singapore’s Straits Times index rose 1.1%.
Australia’s ASX 200 lagged, falling 0.3% on weakness in local mining stocks.
Futures for India’s Nifty 50 index fell 0.2%, pointing to a muted open after the Nifty slid 1% in the prior session. Indian shares have largely lagged their Asian peers in recent months amid growing anxiety over the impact of high oil prices on the import-dependent Indian economy.

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