Taiwan stocks rose 1,650 points in the early session, with TSMC leading the charge! A single comment from Trump saved the market, and tonight's focus is on SpaceX IPO.

US-Iran conflict eases after Trump remarks, boosting Taiwan stocks with a nearly 1,650-point surge in early trading, led by TSMC, while Bitcoin rebounds to $63k. Tonight, the market will focus on SpaceX's historic IPO, with a total valuation of $1.77 trillion.

Taiwan stocks open up 1,650 points; tonight's focus on SpaceX IPO

A single remark from Trump, "The US and Iran have reached an agreement," has once again saved the stock market! Last night, U.S. stocks and today's (6/12) Taiwan stocks opened with a strong rebound, with Taiwan stocks surging nearly 1,650 points at one point.

The cryptocurrency market is also encouraged, with Bitcoin's price climbing back above $63k, though still some distance from the around $70k level when MicroStrategy sold 32 Bitcoin.

Tonight's market focus is on Elon Musk's space exploration company SpaceX's initial public offering (IPO), which is expected to become the largest IPO in history globally.

Taiwan stocks and Asian markets rally together; institutional investors warn of volatility

Benefiting from the signs of de-escalation in the US-Iran conflict, Taiwan stocks opened higher today, up 438.1 points, with TSMC rising 50 NT dollars to 2,300 NT dollars in early trading. Leading the five major blue-chip stocks higher, the market's gain quickly expanded to nearly 1,650 points, reaching a high of 44,798 points, touching the 10-day and monthly moving averages. As of the time of writing, it remains above 44,300 points.

Asian markets also broadly rebounded this morning. South Korea's Kospi index opened up 7.01%, triggering a trading halt for buyers at one point; Japan's Nikkei 225 rose 3.4%.

Regarding the outlook, the Economic Daily quoted institutional investors as saying that the easing of Middle East tensions and the strong rebound in U.S. stocks help stabilize Taiwan stocks. However, foreign investors' net short positions in Taiwan index futures remain high at 63k contracts, and with the central bank and Federal Reserve (Fed) rate decisions next week, short-term volatility should be watched closely. They suggest focusing on AI, advanced packaging, and aerospace satellite sectors.

Trump delays Iran airstrikes; U.S. stocks surge, oil prices fall

According to CNBC, Trump stated that the US and Iran have just reached a reconciliation agreement, expected to be signed within days. On the same day, he also announced the cancellation of planned airstrikes on Iranian oil facilities such as Kharg Island.

However, Iranian state media Fars News Agency pointed out that Tehran has not yet approved any text from the U.S. side.

Although the US-Iran agreement has not been officially finalized, Trump's signals of peace have caused oil prices to drop sharply to their lowest in two months. All four major U.S. stock indices surged last night, with the S&P 500 up 1.75%, the Nasdaq Composite up 2.54%, and the Dow Jones Industrial Average jumping 929.97 points.

Bitcoin back at $63,000; experts warn SpaceX funding may crowd out other investments

Recently, Bitcoin, which has been sluggish and consolidating, has also rebounded somewhat along with Middle East tensions. CoinMarketCap data shows Bitcoin once rose 2.5%, approaching $63,800.

However, Paul Howard, head of trading firm Wincent, analyzed that the Bitcoin sell-off may not be over yet, as investors are shifting funds into hot IPOs and AI investments. Bitcoin may dip to $50k for support before a more sustained rebound occurs.

SpaceX IPO will debut tonight, with a share price of $135 and a total valuation of $1.77 trillion. Data from Vanda Research indicates that retail investors have recently been actively selling semiconductor and AI stocks to raise funds for the IPO.

Regarding the overall market, Wells Fargo investment strategist Douglas Beath said that the large supply of stocks could lead to poor market digestion. He warned that retail stock exposure is near record highs, and SpaceX's fundraising of $75 billion could trigger capital rotation in tech stocks, increasing market volatility in the second half of the year.

Further reading:
Pre-IPO: Big players like Vida leverage short positions on SPCX, planning to hold for 12 months

Is SpaceX IPO worth buying? Independent firms set a target price of $63, well below the $135 offering price

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. Content is for reference only and should not be considered investment advice.