Nasdaq Surges 2.07%, Tesla Jumps 8.5%, Oil Rebounds 2.2%, Gold Pulls Back to $4,022

Market Overview

Global markets shifted back toward a technology-led rally on Monday.

First, all three major U.S. equity indices closed higher. The Nasdaq Composite surged 2.07% to 25,820, the S&P 500 gained 1.18% to 7,440, and the Dow Jones Industrial Average rose 0.59% to 52,183. Tesla soared 8.5%, Alphabet advanced nearly 5%, and Nvidia climbed more than 1%, snapping a five-session losing streak. In contrast, Super Micro Computer fell more than 8%.

Second, crude oil prices rebounded. August WTI crude futures rose 2.2% to $70.75 per barrel, while Brent crude gained 1.61% to $73.15. The recovery came after the United States and Iran reached a ceasefire following weekend military exchanges, easing part of the geopolitical risk premium that had been priced into energy markets.

Meanwhile, precious metals retreated. COMEX gold fell 1.4% to $4,022.30 per ounce, silver declined 1.77% to $58.18, and New York copper slipped 0.76%.

Third, Chinese equities advanced on stronger trading volume. The Shanghai Composite gained 1.16% to 4,073.90, the Shenzhen Component Index rose 0.19%, and the ChiNext Index added 0.54%. Hong Kong's Hang Seng Tech Index surged more than 3%.

In the semiconductor sector, Samsung Electronics and SK Hynix announced the largest industry investment program in their history. The two companies plan to double DRAM production capacity over the next five years, with combined investments exceeding KRW 4,800 trillion.

Elsewhere, DeepSeek confirmed that its V4 model is scheduled for release in mid-July, while Bitcoin briefly reclaimed the $60,000 level during intraday trading.

Can the U.S.-Iran Ceasefire Hold？

Following military exchanges over the weekend, the United States and Iran reached a ceasefire agreement and are scheduled to hold talks in Doha, Qatar, on June 30. However, negotiations have not yet progressed to the stage of a final settlement.

Israel's Defense Minister warned that any renewed attacks could quickly reignite hostilities, cautioning that the conflict could flare up again as early as tomorrow.

The outcome of the upcoming Doha meeting will be closely watched by investors, as it may determine whether geopolitical risk premiums continue to unwind. Oil prices and traditional safe-haven assets remain highly sensitive to developments in the region.

Key Events to WatchChina

• June Official Manufacturing PMI

• June Non-Manufacturing PMI

United States

• May JOLTS Job Openings

• June Conference Board Consumer Confidence Index

Europe

• Germany June CPI

• United Kingdom Q1 GDP

Geopolitics

• U.S.-Iran talks scheduled for June 30 in Doha, Qatar