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Golden Ten Data reported on June 26 that as Asian technology stocks faced another round of sell-offs, combined with a stronger US dollar and the restoration of supply from the Middle East, aluminum prices have fallen for a fourth consecutive week, marking the longest losing streak since April 2025. After a temporary peace agreement was reached between the US and Iran, the market expects aluminum supply from the Middle East to resume, a region that accounts for nearly one-tenth of global aluminum production. Aluminum prices are expected to fall by about 7% this week. However, Thursday’s cargo ship attack has once again raised concerns about the safe passage through the Strait of Hormuz and heightened uncertainty over future shipping. At the same time, industrial metals, including copper, were also hit on Friday by the new wave of sell-offs in Asian technology stocks. Given their widespread use in electronics, cables, and the construction of data centers powered by artificial intelligence, metal prices usually move in tandem with technology stocks. Jinrui Futures stated in a report that amid a short-term bearish macro sentiment, aluminum prices are likely to remain weak and volatile.

According to BlockBeats, on June 26, Jiang Zhuoer, founder of B.TOP mining pool, stated that US stock market liquidity can no longer hold up. Just as a Bitcoin bull market ends when new capital can't sustain price increases, the AI bubble will also burst when new capital can't sustain the rise in stock prices. At first, technology stocks rose across the board; later, only AI-related stocks increased. Now, only storage stocks continue to rise, while AI leader Nvidia has already started to decline.

Glonghui, June 26 — Thanks to strong demand for semiconductors, South Korea’s exports in June are expected to achieve even stronger growth, with the monthly trade surplus likely to surpass $30 billion for the first time. According to the median forecast from a Wall Street Journal survey of nine economists, South Korea’s exports in June are expected to increase by 57.3% year-on-year, higher than the revised 53.4% in May. Imports in June are expected to rise by 23.5% year-on-year, boosting the monthly trade surplus to $32 billion. Meritz Securities chief economist Seunghoon Stephen Lee said that chips and computers are seen as the main drivers behind export growth, and export growth is expected to remain above 50% in the second half of the year.