{"id":176729,"date":"2026-06-08T07:55:33","date_gmt":"2026-06-08T07:55:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=176729"},"modified":"2026-06-08T07:55:33","modified_gmt":"2026-06-08T07:55:33","slug":"morning-update-monday-june-8-2026-by-nordfx","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=176729","title":{"rendered":"MORNING UPDATE \u2014 Monday, June 8, 2026 by NordFX"},"content":{"rendered":"

\ud83d\udd34 ASIA IN FREE FALL\u200a\u2014\u200aTECH PANIC\u00a0SPREADS<\/strong><\/p>\n

Asian markets are starting the week in crisis mode. South Korea\u2019s KOSPI crashed 8.4% to ~7,477 at the open, triggering a Level 1 circuit breaker\u200a\u2014\u200aonly the 9th time in KOSPI history\u200a\u2014\u200ahalting trading for 20 minutes. Samsung Electronics and SK Hynix both tumbled ~10%, dragging the entire index\u00a0lower.<\/p>\n

Japan\u2019s Nikkei 225 opened at 63,893 and plunged nearly 4% intraday to a low of ~64,000, as tech names Kioxia (-10%) and SoftBank (-8.6%) led the selloff. Hong Kong\u2019s Hang Seng fell ~1.3% to around 24,643\u200a\u2014\u200aits lowest since March\u00a02026.<\/p>\n

\ud83d\udcc9 WALL STREET\u200a\u2014\u200aFRIDAY\u00a0CLOSE<\/strong><\/p>\n

US equities finished last week with a violent selloff. The Nasdaq lost 4.18% to 25,709\u200a\u2014\u200aits worst single session since April 2025. The S&P 500 dropped 2.64% to 7,383.74. The Dow fell 695 points (1.35%) to 50,866.78. Broadcom, Marvell, Micron, Intel and AMD all fell between 7% and\u00a016%.<\/p>\n

The trigger: May nonfarm payrolls surged to 172,000\u200a\u2014\u200aroughly double the 85,000 forecast\u200a\u2014\u200apushing Treasury yields sharply higher and reigniting rate-hike fears ahead of the June 16\u201317 FOMC\u00a0meeting.<\/p>\n

\ud83d\udc9b GOLD &\u00a0OIL<\/strong><\/p>\n

Gold is trading around $4,337\/oz this morning, under pressure from the strong dollar and Fed rate-hike bets\u200a\u2014\u200anear its lowest level since March\u00a02026.<\/p>\n

Oil is surging. Brent is up to ~$96.18\/bbl (+3.3%) and WTI is at ~$93.45\/bbl (+3.4%) after Israel launched strikes on Iranian military targets over the weekend, escalating the US-Iran standoff and deepening fears over Strait of Hormuz supply disruptions.<\/p>\n

\ud83d\udcb1 FOREX<\/strong><\/p>\n

EUR\/USD has slipped to ~1.152\u200a\u2014\u200aits lowest since April\u200a\u2014\u200aafter the NFP shock. USD\/JPY is holding near 160.30, back at levels where Japanese authorities have previously intervened. The South Korean won has weakened to crisis-era levels last seen in\u00a02008.<\/p>\n

\u20bf CRYPTO<\/strong><\/p>\n

Bitcoin is trading at ~$62,100, edging up ~2% in a modest risk recovery attempt after hitting multi-month lows last\u00a0week.<\/p>\n

\u26a0\ufe0f KEY DRIVERS THIS\u00a0WEEK<\/strong><\/p>\n

ECB rate decision\u200a\u2014\u200aJune 11 (25 bps hike priced\u00a0in)FOMC meeting\u200a\u2014\u200aJune\u00a016\u201317US May CPI\u00a0dataUS-Iran ceasefire negotiationsBoJ rate decision (hike expected)<\/p>\n

\ud83d\udcca Stay alert\u200a\u2014\u200avolatility is extreme across all asset classes.<\/em> NordFX<\/strong>\u200a\u2014\u200aYour gateway to global markets. #NordFX #Forex #Gold #Bitcoin #Nikkei #KOSPI #Oil #MorningUpdate<\/em><\/p>\n

\ud83c\udf05 MORNING UPDATE \u2014 Monday, June 8, 2026 by NordFX<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

\ud83d\udd34 ASIA IN FREE FALL\u200a\u2014\u200aTECH PANIC\u00a0SPREADS Asian markets are starting the week in crisis mode. South Korea\u2019s KOSPI crashed 8.4% to ~7,477 at the open, triggering a Level 1 circuit breaker\u200a\u2014\u200aonly the 9th time in KOSPI history\u200a\u2014\u200ahalting trading for 20 minutes. Samsung Electronics and SK Hynix both tumbled ~10%, dragging the entire index\u00a0lower. Japan\u2019s Nikkei […]<\/p>\n","protected":false},"author":0,"featured_media":176730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-176729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/176729"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=176729"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/176729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/176730"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=176729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=176729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=176729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}