68
Markets2h 23m ago

Asian stocks rallied on Friday due to hopes of a Middle East peace deal and anticipation of Elon Musk's SpaceX IPO, which raised a record $75 billion, while oil prices fell to two-month lows tempering inflation fears.

Archive Window: 30 Days Left

Asia, Middle East, Japan, Australia, South Korea, United States

Who
Asian stocks, Elon Musk, President Donald Trump, Ray Attrill, S&P 500, KLA, Lam Research, Micron Technology, Applied Materials, PTC, Coterra Energy, Oracle, Autodesk, U.S. West Texas Intermediate (WTI) crude, Brent crude, Japan's Nikkei, Australia's resources-heavy shares, South Korea's KOSPI, Wall Street, Nasdaq, European Central Bank, Federal Reserve, Japanese authorities
What
Asian stocks rallied on Friday due to hopes of a Middle East peace deal and anticipation of Elon Musk's SpaceX IPO, which raised a record $75 billion, while oil prices fell to two-month lows tempering inflation fears.
When
Fri, 12 Jun 2026 00:40:00 GMT · 2h 23m ago
Where
Asia, Middle East, Japan, Australia, South Korea, United States ·
Why
Hopes for a Middle East peace deal, indicated by President Trump, and the record-setting SpaceX IPO, fueled positive market sentiment and significantly impacted oil prices and stock indices.
The Frontline Impact

How this affects you

A potential Middle East peace deal is leading to a rally in Asian and global stock markets, along with a significant drop in oil prices, potentially easing global inflation concerns and influencing central bank interest rate decisions. The SPAC IPO also shows strong investor confidence in new ventures.

Story chain

10 events in this thread
  1. Markets37m ago
    Stock markets across Asia surged, with Korea's Kospi soaring nearly 8 per cent, on optimism over the US decision to not go ahead with planned strikes on Iran.
    Open article
  2. Markets37m ago
    Stock markets across Asia surged, with Korea's Kospi soaring nearly 8 per cent, following optimism over the US decision to not go ahead with planned strikes on Iran.
    Open article
  3. Markets37m ago
    Stock markets across Asia surged following President Donald Trump's announcement that planned strikes on Iran were canceled, with Brent crude futures falling below $90 a barrel.
    Open article
  4. Markets54m ago
    Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on Friday, tracking strong gains across global markets after optimism grew over a possible peace agreement between the United States and Iran.
    Open article
  5. Markets54m ago
    Indian markets are predicted to open positively today, June 12, 2026, following a strong global equities rally driven by optimism for a US-Iran peace deal.
    Open article
  6. Markets1h 30m ago
    South Korea's Kospi advanced 7.01% at open, while the small-cap Kosdaq added 3.25% on June 12.
    Open article
  7. Markets2h 0m ago
    U.S. President Donald Trump announced that the U.S. had reached a "great settlement" to end the war with Iran, which drove oil prices lower and U.S. markets to rally.
    Open article
  8. Currently Reading2h 23m ago
    Asian stocks rallied on Friday due to hopes of a Middle East peace deal and anticipation of Elon Musk's SpaceX IPO, which raised a record $75 billion, while oil prices fell to two-month lows tempering inflation fears.
  9. Markets3h 6m ago
    US stocks rallied, adding $1.2 trillion in market value, after President Donald Trump signaled a possible Iran deal and reports emerged of cancelled airstrikes.
    Open article
  10. Markets4h 52m ago
    US stocks rallied and oil prices tumbled on Thursday after US President Trump announced the cancellation of planned strikes on Iran and touted a deal with the country.
    Open article

Verified Sources & Citations