{"id":128342,"date":"2026-06-12T09:44:14","date_gmt":"2026-06-12T05:44:14","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128342"},"modified":"2026-06-12T09:44:18","modified_gmt":"2026-06-12T05:44:18","slug":"kospi-rockets-8-and-nikkei-jumps-3-5-as-trump-touts-iran-deal-this-weekend-spacexs-75b-debut-steals-the-show","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/kospi-rockets-8-and-nikkei-jumps-3-5-as-trump-touts-iran-deal-this-weekend-spacexs-75b-debut-steals-the-show\/06\/12\/market-updates\/","title":{"rendered":"KOSPI Rockets 8% and Nikkei Jumps 3.5% as Trump Touts Iran Deal &#8220;This Weekend&#8221;: SpaceX&#8217;s $75B Debut Steals the Show"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>KOSPI surges 8%:<\/strong> South Korea&#8217;s index led Asia on massive chipmaking stock recoveries.<\/li>\n\n\n\n<li><strong>Nikkei jumps 3.5%:<\/strong> Japanese tech and chip names rebounded sharply from recent heavy losses.<\/li>\n\n\n\n<li><strong>TOPIX rises 1.7%:<\/strong> Broader Japanese gains ahead of next week&#8217;s BOJ meeting.<\/li>\n\n\n\n<li><strong>Trump touts weekend deal:<\/strong> The president said an Iran peace agreement was close and could be signed over the weekend.<\/li>\n\n\n\n<li><strong>Hormuz to reopen immediately:<\/strong> Trump said the deal will involve the strait&#8217;s immediate reopening \u2014 sending oil prices sharply lower.<\/li>\n\n\n\n<li><strong>Wall Street rally tracked:<\/strong> Asian markets followed overnight U.S. gains driven by Trump&#8217;s peace optimism.<\/li>\n\n\n\n<li><strong>Iran yet to confirm:<\/strong> Iranian media reported Tehran had made no final decision on a deal.<\/li>\n\n\n\n<li><strong>S&amp;P 500 futures up 0.2%:<\/strong> U.S. markets pointed cautiously higher in Asian trade.<\/li>\n\n\n\n<li><strong>SpaceX debuts today:<\/strong> The Elon Musk-led company raised $75 billion in its IPO; the Nasdaq listing is closely watched for tech sentiment cues.<\/li>\n\n\n\n<li><strong>Hang Seng advances:<\/strong> Hong Kong tech and internet names led local gains.<\/li>\n\n\n\n<li><strong>Alibaba adds 2%:<\/strong> Bloomberg reported the company offered $1.5 billion for Chinese grocer Pupu to expand its online grocery footprint.<\/li>\n\n\n\n<li><strong>China jumps 1.6%:<\/strong> CSI 300 and Shanghai Composite both advanced strongly.<\/li>\n\n\n\n<li><strong>ASX 200 rises 1.8%:<\/strong> Australia gains ahead of next week&#8217;s RBA meeting, where rates are expected to hold but a hawkish tilt is anticipated after three consecutive hikes.<\/li>\n\n\n\n<li><strong>BOJ hike risk building:<\/strong> Japan&#8217;s central bank is increasingly expected to raise rates next week on energy-driven inflation.<\/li>\n\n\n\n<li><strong>India and Singapore steady:<\/strong> Nifty 50 futures rose 0.1%; Straits Times Index gained 0.5%.<\/li>\n<\/ul>\n\n\n\n<p>Asian stocks rose sharply on Friday after U.S. President Donald Trump touted a peace agreement with Iran, while major technology and chipmaking stocks rebounded sharply from recent losses.<\/p>\n\n\n\n<p>Regional markets tracked an overnight rally on Wall Street after Trump said a deal to end the Iran war was close and may even be signed over the weekend. His comments sparked strong gains in risk-driven assets, with tech shares in the lead.<\/p>\n\n\n\n<p>S&amp;P 500 futures rose 0.2% in Asian trade, with focus squarely on SpaceX&#8217;s trading debut after the Elon Musk-led rocket company clocked a bumper $75 billion initial public offering on Thursday.<\/p>\n\n\n\n<p>A sharp drop in oil prices \u2014 after Trump said the Iran deal will involve the immediate reopening of the Strait of Hormuz \u2014 also buoyed Asian stocks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">KOSPI and Nikkei Lead Gains as Tech Recovers Ahead of SpaceX Debut<\/h2>\n\n\n\n<p>South Korea&#8217;s KOSPI was the best performer in Asia, surging over 8% on strong gains in heavyweight chipmaking stocks. Japan&#8217;s Nikkei 225 also jumped 3.5% on a similar trend.<\/p>\n\n\n\n<p>The chipmaking sector recouped a bulk of its losses from over the past week, after anxiety over the Iran war and rising interest rates sparked a wave of profit-taking in the high-flying sector.<\/p>\n\n\n\n<p>SpaceX&#8217;s trading debut on the Nasdaq later in the day will be closely watched for more cues on the tech sector, with the company&#8217;s massive listing also coming amid growing investor concerns over bloated tech valuations.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index also benefited from gains in local tech and internet names.<\/p>\n\n\n\n<p>Alibaba Group added 2% after Bloomberg reported the company offered $1.5 billion for Chinese grocer Pupu, as the company attempts to strengthen its presence in the online grocery market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Asia Stocks Upbeat After Trump Touts Iran Peace Deal<\/h2>\n\n\n\n<p>Broader Asian markets advanced on optimism over a U.S.-Iran peace deal, even as doubts over a potential agreement and continued hostilities in the Middle East remained.<\/p>\n\n\n\n<p>Iranian media reported that Tehran had made no final decision on a deal.<\/p>\n\n\n\n<p>Japan&#8217;s TOPIX index rose 1.7%, with focus turning to a Bank of Japan meeting next week \u2014 where the central bank is increasingly expected to hike interest rates in the face of rising energy-driven inflation.<\/p>\n\n\n\n<p>Australia&#8217;s ASX 200 rose 1.8%, with focus on a Reserve Bank of Australia meeting next week where markets broadly expect rates to hold. But the RBA is expected to maintain a hawkish tilt after three straight hikes on sticky inflation.<\/p>\n\n\n\n<p>China&#8217;s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes jumped 1.6% apiece, while Singapore&#8217;s Straits Times Index rose 0.5%.<\/p>\n\n\n\n<p>Futures for India&#8217;s Nifty 50 index rose 0.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways KOSPI surges 8%: South Korea&#8217;s index led Asia on massive chipmaking stock recoveries. Nikkei jumps 3.5%: Japanese tech and chip names rebounded sharply from recent heavy losses. TOPIX rises 1.7%: Broader Japanese gains ahead of next week&#8217;s BOJ meeting. Trump touts weekend deal: The president said an Iran peace agreement was close and &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[6849,6851],"class_list":["post-128342","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-asia","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=128342"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128342\/revisions"}],"predecessor-version":[{"id":128343,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128342\/revisions\/128343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}