NewsFlash Articles Data Fundraising BlockBeats Pro

On-Chain KOSPI Leads U.S. Stocks Guidance | TradeXYZ Weekend Market Watch

律动BlockBeats

Read this article in 7 Minutes

A Rare Quiet Week for US-Iran, Market Leadership Shifts to South Korea

After following the US-Iran situation closely for over two months, the main storyline took a rare pause this weekend. There were no new attacks, no new threats. The geopolitical front entered a low-intensity standoff phase.

The movement of oil prices reflected this quietude. Throughout the weekend, the WTI crude oil contract and Brent crude oil contract oscillated within a narrow range of ±0.6%, with volatility dropping to the lowest level since the conflict began. Pre-market futures indicated WTI at -0.09% and Brent crude at -0.20%; post-market both saw a slight decline to WTI -0.40% ($68.55) and Brent -0.44% ($71.85), making it almost a "non-event."

But the market never truly experiences a non-event—when the macro storyline pauses, market dynamics shift to structural influences. The structural protagonist of this weekend was the storage sector; and due to the US stock market being closed on Friday for Independence Day, the trading session in South Korea on Friday became the sole source of pricing signals activity on TradeXYZ over the weekend.

Indices

The US stock indices also had a low-volatility weekend.

Stocks

In the final trading day of last week (Thursday), the US stock market experienced continued losses in the storage sector. However, there was a sharp reversal on Friday—while the US market was closed for Independence Day, the Korean market had an explosive day: SK Hynix surged 10.9% intraday, and Samsung closed up 8.2%.

Due to the US stock market closure, this signal could only be transmitted through TradeXYZ's weekend trading. Storage stocks such as MU, SNDK, followed the surge in the Korean market by approximately 5%: MU +5.48% ($1,031.70), SNDK +3.96% ($1,832.90), DRAM spot price +6.56% ($65.19).

Looking at the entire weekend, the rally in the storage sector further expanded: DRAM +9.13%, SNDK +7.52%, MU +6.43%, WDC +5.6%, with peripheral companies ARM +3.5%, MRVL +3.8%, LITE +4.0% also strengthening simultaneously. A complete "memory supercycle" trade self-reinforced in a vacuum free of macro disruptions.

However, turbulence emerged this morning. After the Asian market opened, Korean stocks initially fell and then rose. SK Hynix opened with a sharp drop, followed by a significant recovery; Samsung slightly increased by 1.03%. On TradeXYZ, MU and SNDK almost minute by minute replicated SK Hynix's asymmetric V-shaped trend.

During the U.S. stock market closure, the equities on TradeXYZ have fully embraced the South Korean stock market as a real-time pricing anchor.

Alongside BTC's rebound, crypto-related stocks continue to surge.

Commodity Futures

Natural gas is the only commodity futures category with a clear narrative. It fell 2% after the futures market opened. Previously, natural gas prices were supported by the air conditioning and gas-fired power generation demand in the U.S. Midwest due to a heatwave. However, the latest forecast indicates that this heatwave is about to recede. The Commodity Weather Group expects that from July 7th to 16th, two-thirds of the U.S. East Coast will return to near-normal seasonal temperatures, leading to a decrease in cooling degree days and an expected drop in gas-fired power generation demand. The U.S. National Weather Service also predicts that the heatwaves in the East and Midwest will gradually dissipate early this week.

Precious metals followed a "rise and fall" script. Gold, silver, and copper futures initially rose after the market opened, only to give back all the gains. Gold closed down by -0.54% ($4,155.10), silver by -0.90% ($61.85), and copper followed suit in its decline.