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Published: 19 June 2026,07:22
Daily Market Analysis New
*Global risk appetite improves as markets price in the planned reopening of the Strait of Hormuz
*Asian equities climb to record levels as investor confidence strengthens
*Semiconductor stocks surge as AI and domestic chip production themes remain supportive
Global risk appetite improved significantly as markets continued to price in the planned reopening of the Strait of Hormuz. With energy flows expected to normalise, fears of a prolonged supply crunch have eased, reducing concerns over a severe global economic downturn.
Global equity markets extended their gains as improving energy supply expectations boosted investor confidence. Lower oil supply risks have helped ease inflation concerns, allowing investors to reassess the outlook for global growth and monetary policy with a more constructive view.
Asian equities climbed to record levels, with the MSCI Asia Pacific Index heading for a sixth consecutive day of gains. South Korea’s Kospi also surged more than 2.5%, supported by stronger risk appetite and renewed demand for technology-related shares.
The rally reflects a broader risk-on shift as investors price in lower inflation risks, improving global growth prospects, and reduced geopolitical uncertainty. Although U.S. equity futures edged slightly lower, the broader tone remained constructive following strong gains in the S&P 500 and Nasdaq 100.
The semiconductor sector remained a key area of market strength. A gauge of chip stocks surged more than 6% to an all-time high, led by Intel, after President Donald Trump said the company would work with Apple to design and manufacture semiconductors in the United States.
This development reinforced optimism around domestic chip production, AI infrastructure, and long-term semiconductor demand. The sector continues to benefit from structural growth themes, particularly artificial intelligence, cloud computing, and supply-chain localisation.
Overall, global equities remain supported by easing energy risks, improving market sentiment, and strong technology momentum. However, investors may continue to monitor whether the Strait of Hormuz reopening proceeds smoothly and whether lower energy prices can sustainably reduce inflation pressure.
Technical Analysis
NASDAQ, H4:
Nasdaq is trading higher, currently hovering near the record-high resistance level at 30,580.00, which acts as a key breakout zone.
Momentum remains supportive, with the MACD strengthening to the upside and the RSI at 61 holding above the midline, indicating sustained buying interest and potential for further upside.
A confirmed breakout above 30,580.00 could extend gains toward the next resistance at 31,500.00, reinforcing the bullish trend.
However, if bullish momentum fails to sustain, the index may experience a near-term technical correction, with prices likely to retest the 29,610.00 support level, followed by 28,535.00 if selling pressure increases.
Resistance Levels: 30580.00, 31500.00
Support Levels: 29610.00, 28535.00
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