Sharply Higher

• Singapore has significantly raised its annual GDP growth forecast for 2026 to a range of 4.5% to 5.5%. • This new projection is more than double the low end of the previous estimate, which was set between 2% and 4%. • The sharp upward revision is attributed to an economic boost driven by advancements and integration of AI-related technologies.

• Major U.S. stock indices closed sharply higher on Monday, with the Nasdaq 100 rising 1.78%, the S&P 500 gaining 1.48%, and the Dow Jones Industrial Average increasing 1.32%. • The market rally was primarily driven by easing tensions in the Middle East and positive movement in September E-mini futures. • In corporate news, Supernus Pharmaceuticals (SUPN) saw its stock climb over 3% following the announcement of a tax-free all-stock merger of equals with Indivior Pharmaceuticals.

• South Korean stocks opened sharply higher on June 25, driven by significant gains in the semiconductor sector. • The rally was triggered by a stronger-than-expected earnings report from U.S.-based chipmaker Micron Technology. • This surge is critical as it boosts investor confidence in the global AI-driven chip market and supports major local tech firms.

• South Korean stocks opened sharply higher on Tuesday, recovering from a significant plunge of over 8 percent in the previous trading session. • The rebound was driven by a recovery in major technology shares and positive investor sentiment regarding the strong business fundamentals of AI-related sectors. • Market stability was further supported by news of a ceasefire between Israel and Iran, reducing geopolitical tensions that had previously pressured shares.