Asian Stock Markets Open Lower, South Korean Index Falls 4%: SK Hynix Drops 3.5%, Samsung Falls 4%

June 11 – Per CNBC, U.S. President Donald Trump has made a notable shift in his stance on inflation and interest rates. Following a 4.2% year-over-year rise in May’s Consumer Price Index (CPI), Trump publicly said, “I like inflation,” and called the data “great” — a sharp contrast to his repeated past criticism of former Federal Reserve Chair Jerome Powell. Market analysts believe this attitude shift could create a more politically supportive environment for new Fed Chair Kevin Wash as he sets monetary policy, reducing the political pressure he faces to cut interest rates immediately. CNBC’s report notes that current market expectations are for the Federal Reserve to hold the federal funds rate steady in the 3.5% to 3.75% range at its upcoming June 17 policy meeting. Since taking office, Wash has repeatedly emphasized focusing on the “potential inflation rate” rather than short-term price swings, and has taken a cautious approach until inflation shows clear signs of cooling. T

June 11 — On-chain analytics firm LookIntoBitcoin reports that multiple large entities have been accumulating Bitcoin recently, with funds flowing out from cryptocurrency exchanges and custody services. In a recent development, a whale wallet address marked bc1q2q has moved 2,341 BTC out of OKX over the past five days, amounting to roughly $144.68 million. Additionally, three newly created wallet addresses have collectively withdrawn 737.7 BTC from BitGo, totaling around $45.6 million.

On June 11, China's A-share semiconductor sector rallied in morning trading. Jilin Microelectronics Technology Co., Ltd. hit its 20% daily limit, Jiangfeng Electronics rose over 12%, while shares of JHCT, FCCC, Zmmicro, Allwinner Technology, and VeriSilicon also climbed. Separately, the Ministry of Industry and Information Technology (MIIT) recently released the *Implementation Plan for the Innovative Development of "Artificial Intelligence + Information Communication" (2026-2028)*, proposing to strengthen R&D of high-end optoelectronic chips and devices and carry out trials on optoelectronic hybrid networking technology. The news is from Oriental Fortune Network.

June 11: Bitget market data shows spot gold’s intraday gain has lifted to 1.00%, now trading at $4,113.41 per ounce, bouncing back around $85 from its session low.

On June 11, the Wall Street Journal (WSJ) reported that anonymous market sources have told the publication OpenAI is considering steep price cuts to fend off growing competition with rival AI firm Anthropic. The Journal added that OpenAI expects competition in the AI services space to heat up even more, potentially spilling over into a full-fledged "price war," with some customers already signaling sensitivity to current AI pricing rates. Separately, people familiar with the issue told WSJ that amid worries over AI costs among some enterprise clients, the industry’s pricing structure could see a major reshaping—and even competing AI firms may be forced to match any changes OpenAI makes to its pricing. The report highlights that the generative AI sector is entering a more cutthroat phase of market competition as it matures commercially, with pricing and inference cost control emerging as key drivers in the next stage of development. Click the link below to join BlockBeats’ Beating·F

June 11, per HTX market data, Bitcoin briefly rebounded above $62,000, currently trading at $61,932 with a 0.36% gain in the past 24 hours. On the news front: U.S. Central Command (CENTCOM) announced that under a CENTCOM directive, additional self-defense strikes were carried out against multiple targets inside Iran. CENTCOM forces targeted Iranian military reconnaissance facilities, communication systems, and air defense sites. Units from the U.S. Marine Corps, Air Force, and Navy deployed precision-guided munitions at Iranian assets posing threats to U.S. forces and international commercial shipping in regional waters. These strikes are a response to Iran’s unjustified and ongoing aggressive behavior. The U.S. military remains vigilant, fully prepared, and ready to respond at any time.