Nikkei 225 Index Extends Gain, Hits New All-Time High

June 17: Renowned investor Neil Shen took to the Chinese financial platform Snowball to share his fresh perspective on SpaceX’s sky-high valuation, arguing that a re-examination of the company’s history suggests it may not qualify as a "bubble stock." He noted that if SpaceX can eventually generate roughly $150 billion in annual profit, a corresponding market capitalization of around $3 trillion would be reasonable. Shen added that this profit target "appears achievable" within a 5- to 10-year window. That said, the assessment hinges entirely on whether SpaceX can actually deliver on this long-term profit scale. Having reviewed the company’s development history, he expressed strong admiration for its technological innovations and business model, maintaining an open stance toward its long-term growth potential.

According to Iran’s Tasnim News Agency, on June 17, Iran’s Armed Forces Command issued a stern warning over Israel’s breach of the Lebanon Ceasefire Agreement. (Forex)

On June 17, Hyperinsight Monitoring (Telegram: @HyperInsight) reported that South Korea’s stock market stabilized after reversing an intraday decline. SK Hynix saw a sharp unilateral reversal, jumping over 9.7% from its intraday low to a peak daily gain of 4.6%. Currently on Hyperliquid, SKHYNIX trades at $1,660, just 1.69% below its all-time high (ATH). Renowned trader yixie (Telegram: @yixie10), who has notched multiple profitable trades in the semiconductor storage sector, went long SKHYNIX at the market bottom nine days ago. His position now holds $1.25 million in floating profit, representing a ~68% return, with an entry price of $1,239.9 and a total position size of around $4.94 million. Last week, amid a broad sell-off in U.S. stocks, yixie bottom-fished Micron Technology (MU) when MU traded at $878.8. Over the past week, this long position has accrued ~$245,000 in floating profit, a ~45% return, with MU now trading at $1,066. Wallet address: 0xa65ce1d604fa901c13aa29f2126a57d

June 17 – According to Bitget market data, South Korea’s KOSPI index gained 0.83% intraday, while Samsung Electronics surged 4.62% during the same trading session.

U.S. stock index futures were higher on June 17, according to market data, with S&P 500 index futures rising 0.3% and Nasdaq index futures advancing 0.6%.

June 17 (Bloomberg) — Prediction market platform Kalshi plans to expand its perpetual contract business beyond digital assets, co-founder Tarek Mansour announced. The company is in discussions with regulators to add contract options for additional asset classes. Launched just two weeks ago, Kalshi’s perpetual contract product has already generated over $5.5 billion in total trading volume. To date, the platform offers 11 perpetual contracts, all tied to cryptocurrencies.