News

BlockBeats News, June 23rd, according to Bitget market data, SK Hynix fell by 4.04% intraday, now trading at 2,800,000 Korean won. Samsung Electronics dropped by 4.1%, now trading at 339,000 Korean won.

According to Golden Ten Data on June 23, Japanese government bond yields edged higher on Tuesday, influenced by the overnight movement of US Treasury yields, amid market speculation that the Bank of Japan may accelerate rate hikes to combat yen weakness. As concerns rose over sharp exchange rate fluctuations, Japanese Finance Minister Satomi Katayama held an online meeting with US Treasury Secretary Janet Yellen on Monday evening. NHK and Kyodo News reported that Katayama and Yellen may have discussed exchange rate issues, possibly including the potential for foreign exchange intervention. Keisuke Tsuruta, Senior Bond Strategist at Mitsubishi UFJ Morgan Stanley Securities, stated: "Given that Yellen has previously helped create conditions favorable for the Bank of Japan to raise rates, this meeting may prompt bond market speculation that the Bank of Japan could quicken its pace of rate hikes to curb yen weakness." Lisa Mochizuki, an analyst at Sumitomo Mitsui, commented: "As the US dollar/yen pair rises to the mid-161 range, there is every possibility that the Bank of Japan could send a more hawkish signal, such as indicating a faster pace of rate hikes. In such a scenario, mid-term bond yields could face upward pressure."

BlockBeats News, June 23rd, Cathie Wood's ARK Invest increased its stake in SpaceX by 210,121 shares yesterday, totaling approximately $32.5 million. At the close of the U.S. stock market on Monday, SpaceX plummeted by 16.4% to $154.6, falling below its IPO's first-day closing price. The market value evaporated by about $400 billion, marking the second-largest single-day market cap loss in global corporate history.