Taiwan stocks rebound back to 44K, TSMC leads the rally, Bitcoin hovers around 63K, this week focus on May CPI

Driven by the rebound of the U.S. stock AI sector, the Taiwan stock market led a strong rally and returned to the 44,000-point mark. Bitcoin remains below $63,000, with MicroStrategy adding another 1,550 bitcoins.

Supported by the stabilization of U.S. stocks, the Taiwan stock market rebounded strongly today (6/9), led by TSMC, reclaiming the 44,000-point level. Asian tech stocks also followed Wall Street’s recovery trend.

In the cryptocurrency market, Bitcoin experienced a dip but has now rebounded, currently hovering below $63,000. Overall, the risk asset market shows a volatile upward trend.

Taiwan, Korea, and Japan stocks all rebounded, with investors buying the dip

Taiwan stocks rebounded strongly in the early session, with the weighted index rising more than 500 points intraday, successfully reclaiming 44,000 points. The rally was led by TSMC, boosting electronics giants like MediaTek and Delta Electronics. However, some individual stocks still underperformed, such as Cathay Securities (6016) and Borui (3581), which faced downward pressure.

In the U.S. market, capital flowed back into AI and semiconductor sectors. Last night, the Philadelphia Semiconductor Index surged 5.6%, with Intel and Marvell, supported by Huang Renxun, showing notable gains. Apple’s (Apple) WWDC 2026 announcement of new technologies received a lukewarm market response, with shares closing slightly lower.

Cherry Lane Investments partner Rick Meckler pointed out that the rebound was driven by investors entering the market during the tech sell-off.

Inspired by this, Asian markets also rallied, with South Korea’s SK Hynix soaring over 7%, and Japan’s Tokyo Electron performing well. South Korea’s Kospi index rose 3.7% intraday to 7,761 points, and the Nikkei index also edged up 0.98%.

However, ORTUS Advisors strategist Andrew Jackson said that investors are preparing for SpaceX’s first IPO, and the market may continue to be volatile.

• **Related report:**Major orders before SpaceX IPO: Google spends $30 billion to rent computing power, making the $1.75 trillion valuation more credible?

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Bitcoin rebounds with volatility, MicroStrategy expands holdings

Recently, MicroStrategy sold 32 bitcoins and used about $101 million to buy 1,550 bitcoins, bringing total holdings to 845,256 bitcoins. This move helped Bitcoin break above $64,000 but has since pulled back, currently hovering below $63,000.

TD Cowen analyst Lance Vitanza said this indicates MicroStrategy maintains a long-term accumulation strategy, with previous minor reductions mainly for tax reasons. Additionally, MicroStrategy shareholders approved changing the dividend payout frequency for preferred shares to semi-monthly. CEO Phong Le expects this will help improve liquidity.

However, Tesseract Group head Adam Haeems warned that this Bitcoin rebound is only a bounce after reaching a long-term support level and does not confirm a complete trend reversal; Markus Thielen from 10xResearch urged investors to monitor capital flows and assess the upcoming U.S. Consumer Price Index (CPI) release for its impact on interest rates.

The U.S. CPI for May, scheduled for release this week, will be a key indicator for evaluating energy prices and will influence the Federal Reserve’s future interest rate policies. Investors should closely watch overall economic indicators.

Further reading:
Federal Reserve Chair’s swearing-in! Will his cryptocurrency holdings usher in a policy honeymoon period?

This content is compiled by Crypto Agent from various sources, reviewed and edited by Crypto City. It is still in training, so there may be logical biases or informational errors. The content is for reference only and should not be considered investment advice.