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Markets1h 52m 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.

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Asia, Korea, Japan, Hong Kong, mainland China, India, Iran, United States

Who
Donald Trump, Hariprasad K, Ponmudi R
What
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.
When
Fri, 12 Jun 2026 02:25:41 GMT · 1h 52m ago
Where
Asia, Korea, Japan, Hong Kong, mainland China, India, Iran, United States ·
Why
US President Donald Trump suggested that discussions over the Iran deal and final points have been approved by all parties involved, leading to the cancellation of scheduled strikes.
The Frontline Impact

How this affects you

The halt in US strikes on Iran has significantly reduced geopolitical risk premiums, causing Brent crude prices to fall below $90 a barrel and leading to a broad rally in Asian stock markets. This could potentially ease concerns about imported inflation and the current account deficit for countries like India.

Story chain

12 events in this thread
  1. Markets1h 12m ago
    South Korean stocks jumped as risk appetite improved after President Donald Trump said the US was nearing an agreement with Iran to end the war.
    Open article
  2. Markets1h 12m ago
    Gold jumped the most in more than two months after US President Donald Trump said he canceled planned military strikes against Iran.
    Open article
  3. Markets1h 52m 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. Markets1h 52m 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
  5. Currently Reading1h 52m 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.
  6. Markets2h 9m 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
  7. Markets2h 9m 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
  8. Markets2h 45m ago
    South Korea's Kospi advanced 7.01% at open, while the small-cap Kosdaq added 3.25% on June 12.
    Open article
  9. Markets3h 15m 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
  10. Markets3h 37m 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.
    Open article
  11. Markets4h 21m 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
  12. Markets6h 7m 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

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