Multiple Tech Deals, Asia Markets Mixed Ahead of Tuesday U.S. Open

JPN2250.82%
On Tuesday (June 9), multiple developments shaped global markets and corporate landscape. Databricks sought new funding targeting a $175 billion valuation with a potential IPO delay to 2027, while BlackRock launched a space ETF ahead of a SpaceX listing. In M&A, GlaxoSmithKline agreed to acquire Nuvalent for $10.6 billion, with Nuvalent shares surging nearly 40%. Applied Digital rose over 11% after securing new data center lease agreements. In Asia, the Nikkei 225 index closed up 2.17%, while the Shanghai Composite fell 1.7% and the Hang Seng dropped 1.22%. Separately, the U.S. added Alibaba and BYD to its "military-linked" entity list, and Japan's central bank signaled potential rate hikes to 1% in June with further action possible in October.
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