Asian Shares Surge and Oil Prices Slip After Trump Claims a Breakthrough in Iran War Talks
Japan's Nikkei jumped 4.3% and South Korea's Kospi rose 8.3% as oil fell to two-month lows on peace deal hopes.
- On Friday, June 12, 2026, Asian stocks rallied as investor optimism grew over a potential peace deal between the United States and Iran, marking the most significant diplomatic breakthrough to end the three-month-old war.
- President Donald Trump said on Thursday that an agreement could be signed this weekend, hours after threatening more strikes on Iran, prompting oil prices to slump to two-month lows.
- South Korea's KOSPI surged 8.3 per cent and Japan's Nikkei jumped 4.3 per cent, while the Nasdaq rose 2.5 per cent, fueled by expectations surrounding Elon Musk's SpaceX market debut.
- Markets trimmed bets of a Federal Reserve rate hike this year to 36 per cent from 51 per cent, as lower bond yields and a softer U.S. dollar tempered global inflation fears.
- The Bank of Korea reaffirmed its hawkish stance, with Governor Shin Hyun-song urging officials to "raise interest rates without delay" in a message marking the bank's 76th anniversary.
39 Articles
39 Articles
Stocks Roar Back On Hopes The Iran War Is Ending
Equities rallied hard Thursday as investors bet the Iran war was winding down. The S&P 500 jumped about 1.8 percent, snapping a two-day slide, and a closely watched chipmakers gauge surged nearly 8 percent as risk appetite returned. The optimism rolled into Asia, where a regional benchmark rose 3.3 percent and South Korea's Kospi leapt 8.1 percent, while U.S. and European futures pointed higher into Friday. The catch is familiar. No deal is sign…
Daily Journal
World shares surge and oil prices slip over 4% after Trump claims a breakthrough in Iran war talks
World shares have advanced in the wake of big Wall Street gains, while oil prices tumbled more than 4% after U.S. President Donald Trump claimed there was a breakthrough in talks on ending the Iran war. South Korea's Kospi jumped…
The Nikkei and Kospi indices are leaping as the Brent price changes and the technological values take advantage of the rebound of the semi-conductors at Wall Street.
Coverage Details
Bias Distribution
- 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
