πŸ“° Hourly Briefing | 2026-06-24 10:00 CST

πŸ“Š Market Snapshot

  • Gold XAUUSD 4087.48 (-0.54%), down another $11 from last hour, below 4090; over $30 lost intraday
  • WTI Crude 73.260 (-0.54%), under pressure amid Strait of Hormuz reopening expectations
  • HK Semiconductors rally: SMIC +7%, CSOT +3%
  • A-Share Brokers surge: Hua’an Securities limit-up, Huachuang Yunxin +4%

πŸ”₯ Key News This Hour

US Iran Policy:

  • 🚨 US Senate and House pass historic Iran troop withdrawal resolution β€” first since 1973 War Powers Act; largely symbolic but politically constraining on Trump’s military options
  • HK-listed Tuya Smart (02391.HK) plunges 14%, market sentiment diverges

Supply Chain & Energy:

  • US Treasury Secretary Bessent warns: must build supply chain resilience before crises hit β€” military, hospital, energy, and financial systems must not be held hostage
  • UAE crude exports recover to 85% of pre-war levels (4.3M bpd), Strait of Hormuz “thaw” continues

Market Analysis:

  • ANZ Bank: Weak market sentiment β€” gold failed to act as safe haven amid cross-asset selloff, prices remain under pressure
  • Bank of America: Japanese equities may see larger-than-expected upside by year-end, driven by AI demand expansion and Hormuz reopening odds
  • Sevastopol in Crimea hit by drone attack, power outage β€” geopolitical risks not fully priced out

🧭 Outlook

The congressional passage of the Iran withdrawal resolution marks the strongest domestic political resistance Trump has faced on his Iran policy, sharply raising the political cost of further military action.

Gold’s sustained weakness reflects ANZ’s core thesis: cross-asset selling pressure is temporarily overriding safe-haven demand. The 4068 intraday low is the key support to watch.

Hormuz “thaw” drives UAE export recovery, easing supply-side oil pressure, but geopolitical risk premiums have not fully dissipated.

HK semiconductor and pharma outsourcing sectors rally against the trend β€” capital is pivoting to structural opportunities as the AI trade cools, with memory chip plays benefiting from KOSPI rebound expectations.

The Sevastopol drone attack is a reminder that the Russia-Ukraine front remains active β€” geopolitical risk factors are far from cleared.

⏰ Upcoming Data

  • 10:00 China May Total Social Financing (due)
  • 16:00 Germany June IFO Business Climate Index
  • 22:00 US June Richmond Fed Manufacturing Index
  • 22:30 US EIA Crude Oil Inventory (week ending June 20)