In recent weeks, multiple analysts have pointed out that the main driver of index demand is not from the Nasdaq 100 but from the S&P 500, but that is not expected until at least next year because the S&P 500's earnings screen and 12-month listing rules prevent SpaceX from being included in the index for at least a year. Jeffrey analyst Jane Gibbons said that despite this, SpaceX’s low circulation will also weaken the price impact of the index’s inclusion. Given the low circulation, Index weighting won't be as impactful as expected. The lock-up period for insiders will expire in the coming weeks and months, which may add selling pressure to the stock price and offset the buying pressure caused by index inclusion. Some restrictions will be lifted in batches between 70 and 135 days after the IPO on June 12, while the shareholding lock-up period for CEO Musk and some other large investors will be lifted 366 days after the IPO. Susquehanna analyst Charles Minevino described this as "short-term overhanging pressure" on the stock. No matter how the stock price fluctuates in the coming days and weeks, Investors are undoubtedly preparing a response. “If you look at options trading over the past five days, volume today was 2.5 times normal,” Cboe’s Kinahan said. "People are trying to hedge against downside risks. Many are speculating ahead of rebalancing."

Hong Kong stocks continued to rise, with the Hang Seng Technology Index rising 2% and the Hang Seng Index rising 0.7%. Chip stocks recovered, with Huahong Grace (01347.HK) rising nearly 5%.

Sources said that foreign exchange transactions between the US dollar and the Korean won related to the listing of SK Hynix's ADR are expected to be conducted around July 15.

SpaceX will be added to the Nasdaq 100 index on Tuesday, and analysts and investors are expecting high volatility in the stock price and are advising caution as hedging activity around the stock heats up. JJ Kinahan, senior vice president of the Chicago Board Options Exchange, said investors need to prepare for a $20 swing in the stock over the next week and a half. Only about 4% of SpaceX's shares were available for sale at the time of its IPO, although a higher-than-average share of that was allocated to retail investors. According to the inclusion rules of Nasdaq 100, That would translate into relatively modest index weighting: JPMorgan's estimated 1.3% weight would put it about 21st in the index, behind Nvidia, Walmart, Intel and Tesla. That means passive buying may have a limited early impact on share prices, analysts said. "There's no doubt this is still very high volatility," said Mike Hough, chief strategist at OpenInterest.PRO. “But the smaller the weight of any component stock in the index, the Anyone trying to track the index would need to buy fewer shares. ” Jeff Jacobson, head of derivatives strategy at 22V Research, made similar comments in a report to clients on June 21: “The buying required for index inclusion may be much smaller than people initially speculated. "

Japan's 40-year government bond yield rose 1.0 basis points to 3.935%.

Hong Kong stocks opened lower and moved higher, with the Hang Seng Technology Index rising by more than 1% and the Hang Seng Index rising by 0.7%. Technology and Internet stocks rebounded, with Meituan (03690.HK) rising 4.7%, Xiaomi Group (01810.HK) rising 3.5%, Baidu (09888.HK) rising 2.5%, and Alibaba (09988.HK) rising nearly 2%.