Today’s Outlook :
• US MARKET : U.S. stocks closed higher on Monday, supported by President Donald Trump’s statement that peace talks with Iran remain ongoing and a strong rally in Nvidia following the launch of its new AI “superchip” for personal computers.
The S&P 500 rose 0.3% to a record high of 7,600.25, while the NASDAQ gained 0.4% to 27,086.81 and the Dow Jones Industrial Average edged up 0.1% to 51,078.94. All three major indices closed at all-time highs.
Investors are now awaiting key U.S. labor market data, particularly the nonfarm payrolls report due on Friday. Meanwhile, the ISM Manufacturing PMI rose to 54 in May, its highest level in four years.
Among individual stocks, Nvidia surged 6.3% after unveiling a new AI processor for Windows-based devices. Microsoft gained more than 2%, while other chipmakers such as Intel, AMD, and Qualcomm declined. In the AI sector, Anthropic, the developer of Claude, announced that it had confidentially filed IPO documents, moving ahead of OpenAI in the race to become a publicly listed company.
• EUROPEAN MARKET : European stocks fell on Monday after Iran’s negotiating team reportedly halted communications with the United States through mediators following Israel’s attacks on Lebanon. Tensions escalated after Israel expanded its military operations in Lebanon in response to drone attacks by the Iran-backed Hezbollah group. Iran was also reportedly considering blocking the Strait of Hormuz and opening another front in the Bab el-Mandeb Strait, a strategic shipping route connecting the Red Sea and the Gulf of Aden.
The Stoxx 600 fell 0.8%, Germany’s DAX declined 0.4%, France’s CAC 40 dropped 0.5%, and the UK’s FTSE 100 lost 0.7%. Meanwhile, Eurozone government bond yields rose amid speculation that the European Central Bank (ECB) may raise interest rates to address potential inflationary pressures stemming from energy supply disruptions.
• ASIAN MARKET : Most Asian stock markets advanced on Monday, driven by a rally in technology stocks as optimism surrounding AI developments offset uncertainty over U.S.-Iran peace negotiations. South Korea’s KOSPI surged nearly 5% to a record high, led by technology stocks. Samsung Electronics and SK Hynix each gained nearly 10%, while LG Electronics jumped almost 30%, supported by expectations surrounding Nvidia CEO Jensen Huang’s visit to South Korea this week.
In Japan, the Nikkei 225 rose 1%, with SoftBank climbing more than 10% to a record high and overtaking Toyota as Japan’s most valuable company. Positive sentiment also lifted other technology and AI-related stocks.
Meanwhile, Hong Kong’s Hang Seng Index gained 0.5%, while Chinese markets weakened, with the CSI 300 falling 1% and the Shanghai Composite declining 0.4% after PMI data indicated slower manufacturing activity in May, raising concerns over China’s economic outlook.
• COMMODITIES : Oil prices surged more than 4% on Monday after Iran’s Tasnim news agency reported that Tehran had halted indirect negotiations with the United States and was preparing measures to block the Strait of Hormuz and potentially disrupt other strategic shipping routes.
Brent crude rose 4.2% to USD 94.98 per barrel, while WTI crude jumped 5.5% to USD 92.16 per barrel. Both benchmarks were up more than 6% earlier in the session before trimming gains after President Donald Trump said he was unaware of any suspension of talks with Iran and claimed to have received assurances from Hezbollah that it would not attack Israel.
The rally was driven by escalating geopolitical tensions in the Middle East, including exchanges of attacks between Iran and the United States, as well as Iran’s reported plans to block the Strait of Hormuz and increase pressure through other shipping routes such as the Bab el-Mandeb Strait. Despite the recent rebound, oil prices still posted declines of 17–19% during May, supported by earlier optimism that the U.S. and Iran were nearing a peace agreement.
• INDONESIA : The JCI closed slightly lower, down 0.05% to 6,127.38. The market remained under pressure from selling activity related to the MSCI May 2026 rebalancing, which took effect on June 1, 2026. However, selling pressure was partly offset by gains in conglomerate-related stocks, particularly those associated with the Prajogo Pangestu Group and the Hapsoro Group. Investors are expected to continue assessing the impact of the MSCI rebalancing implementation in today’s trading session.
If selling pressure persists, the JCI may test the 6,000 level, viewed as a key psychological support despite recent attempts to close the gap around the 6,100 area. A short-term dead cat bounce (DCB) remains possible. Market participants may focus on stocks that continue to hold support levels while offering solid fundamentals and attractive valuations
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