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Informist, Friday, Jun. 12, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Asian mkts up on US-Iran deal hopes, fall in crude oil prices 

 

MUMBAI--0832 IST--All the major indices in Asia were higher Friday, buoyed by US President Donald Trump calling off strikes against Iran after threatening to strike Tehran "very hard." Brent crude oil futures slipped over 6% from Thursday's highs and hovered near $89 per barrel.

 

"I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening. Discussions and final points have been, in both concept and great detail, approved by all parties involved," Trump said in a post on Truth Social. "The Naval Blockade will remain in full force and effect until this Transaction is finalized — Time and place of the signing to be announced shortly," Trump said. 

 

South Korea's KOSPI outperformed other regional indices, advancing nearly 8%. Shares of index heavyweights Samsung Electronics Co. and SK Hynix rose 11% and 8%, respectively. Automobile majors, Hyundai Motor Co. and Kia Corp., were up around 6?ch. South Korea's broader market, KOSDAQ, was up 4%. The Bank of Korea Governor Hyun-Song Shin said it is necessary to raise interest rates "before it is too late." Inflation is likely to remain above the target of 2% for a considerable period, Shin said. "... with the normalisation of energy supply chains delayed, heightened household inflation expectations and the possibility of price increases by firms may pose additional upside risks to inflation," he said. In its last monetary policy meeting, the South Korean central bank kept its benchmark interest rate unchanged at 2.5%.

 

In Japan, the benchmark Nikkei 225 index rose 4%. Shares of Advantest Corp. and Tokyo Electron were up 9-10%. Shares of financial majors Mizuho Financial Group and Sumitomo Mitsui Financial Group gained about 3?ch. "... we believe an AI-driven market is likely to continue for a long time, probably until the Fed begins a series of interest rate hikes," Bank of America Global Research said in a report. "We believe banks are an effective hedge against AI stocks, because they are supported by expectations of BoJ rate hikes, regardless of whether the Strait of Hormuz is closed or open," the firm said. 

 

The following were the levels of major Asian indices at 0832 IST:

 

Index	Level	Change in %
CSI 300 Index	4797.7925	1.60
Hang Seng Index	24620.34	1.53
Nikkei 225 Day	66442.95	3.47
TOPIX FIRST SECTION	3893.47	1.65
KOSPI	8369.93	7.81
FTSE Singapore Strait Times	5020.06	0.64
S&P/ASX 200 Index	8801.10	1.94

 

(Ruchira Kagita)

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Equity Alert: Seen opening up on US-Iran deal hopes; oil price below $90/bbl

 

MUMBAI--0830 IST--Domestic benchmark equity indices are expected to open higher Friday on hopes of the US-Iran deal nearing a close. The US President Donald Trump Thursday claimed that the US "just made a great settlement of the war with Iran," subject to the "finalisation of documents." Crude oil prices reacted to the news, falling to around $88 a barrel.

 

Trump said he expects the deal to be signed "over the next few days," repeating similar claims he has made numerous times over the course of the war, according to a report by CNBC. Trump also said the "time and place of the signing" will be announced shortly. The Strait of Hormuz will be reopened as soon as a deal is signed, Trump said.

 

However, soon after Trump's announcement, Iranian state media Fars reported on Telegram that Tehran had not approved any text for an initial memorandum of understanding with the US, the CNBC report said. "The reality is that up until now, not only has Iran not given a final response, but it is the US that has returned to its previous demand," Fars reported.

 

Trump had earlier warned that US forces would be hitting Iran "very hard" on Thursday night, assuming "total control" of Iran's oil and gas markets, just as Washington had done in Venezuela. "The United States will be hitting Iran (Whose Navy, Air Force, Radar, Anti Aircraft, and all other forms of Defense, together with most of its offensive capability, are GONE!), VERY HARD TONIGHT," Trump posted on social media.

 

Oil prices fell below $90 a barrel on hopes of the West Asia conflict nearing its end. At 0828 IST, Brent crude oil August futures contract was over 1% lower at $89.27 a barrel. It fell nearly 2% to the intraday low of $88.79 per barrel. However, current prices are still nearly 23% higher than the pre-war level of $72.87 a barrel.

 

At 0827 IST, the GIFT Nifty June futures contract was marginally higher from its previous close at 23447. This was almost 290 points higher than the Nifty 50's Thursday close of 23161.60. "Technically, Nifty (50) index is trading in a narrow consolidation range having immediate support at 23000 and resistance at 23500 spot levels," Vipin Kumar, technical and derivatives analyst at Globe Capital Market, said. " A decisive break on either side will start the next short-term directional move in that direction."

 

Meanwhile, South Korea's Kospi gained the most among Asian equity indices, up nearly 8% higher. The Nikkei 225 was almost 4% higher, while the Taiex was nearly 3% higher. In the US equity market, the Dow Jones Industrial Average and S&P 500 indices closed almost 2% higher each Thursday. The Nasdaq Composite settled 2.5% higher.  (Arundathi A R)

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Equity Alert: US indices soar as Trump calls off attacks on Iran

 

MUMBAI--0742 IST--Indices on Wall Street soared as buying in technology stocks resumed. Market participants cheered US President Donald Trump's statement cancelling his plans to strike Iran. The Dow Jones Industrial Average and the S&P 500 ended nearly 2% higher each while the technology-heavy NASDAQ Composite ended 2.5% higher. Only three of the 11 S&P 500 sectoral indices lost during the trading session. 

 

"I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening. Discussions and final points have been, in both concept and great detail, approved by all parties involved," Trump said in a post on Truth Social.   

 

Shares of Micron Technology rose nearly 12%, Advanced Micro Devices 8%, Intel Corp. 9%, Qualcomm 6%, and those of Broadcom 4%. After Trump's announcement indicating a de-esclation in the war with Iran, aviation majors United Airlines Holdings and Boeing Co. advanced 10% and 6% respectively. On other hand, energy majors Exxon Mobil Corp. and Chevron Corp. fell around 2?ch; the S&P 500 Energy index was also down 2%.  

 

Elon Musk-led SpaceX announced the price of its initial public. The price for the largest-ever IPO has been set at $135 apiece and the company plans to raise $75 billion by selling 555.56 million shares. Just a day before SpaceX was to start trading, shares of Tesla were up almost 5%. Over the week, Tesla has been quite volatile. From the start of the week till Wednesday, Tesla stock was down 2% but after Thursday's recovery trade, it gained 2% for the week. There were concerns that some investors sold some of their shares in the electric vehicle maker to put in money into SpaceX.

 

On the macroeconomic front, the Producer Price Index rose 6.5% on year in May, higher than the 5.7% increase witnessed in April. Producer prices in the US rose the most in more than three years. On month-on-month basis, pices rose 1.1%, unchanged from April. This was higher than the 0.7% rise projected by Reuters. 

 

"The Fed is clearly missing its inflation target by a lot more than it is missing its employment objective," John Ryding, chief economic advisor at Brean Capital, told the media agency. "The PPI report should further embolden those on the FOMC (Federal Open Market Committee) who think a rate hike might be needed later in the year," Ryding said. US consumer prices for May had risen 4.2% on year in May. 

 

Further, the number of Americans applying for fresh unemployment claims rose by 4,000 in the week ended Jun. 6 to 229,000. Economists polled by Reuters had projeceted claims to rise to 219,000 for this week. While the data does not ring alarm bells about the health of the labour market, a continous rise in initial jobless claims could raise concerns.

 

The following were the closing levels of major US indices on Thursday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	50848.75	1.86
NASDAQ Composite	25809.66	2.54
S&P 500	7394.30	1.75

 

(Ruchira Kagita)

 

US$1 = INR 95.76

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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