SoftBank Jumps 12% as U.S.-Iran Peace Deal Lifts Asian Tech
Updated
Updated · CNBC · Jun 15
SoftBank Jumps 12% as U.S.-Iran Peace Deal Lifts Asian Tech
3 articles · Updated · CNBC · Jun 15
Summary
SoftBank surged more than 12% on Monday, leading a broad rally in Asian tech shares after news that Washington and Tehran had agreed to end military operations.
Pakistan's prime minister said the two sides will sign the deal in Switzerland on June 19, while Trump said the Strait of Hormuz would reopen and the U.S. would end its naval blockade.
Chip-linked names joined the move: Tokyo Electron rose 9.19%, Advantest 7.69%, Samsung Electronics 4.65%, SK Hynix 6.42%, TSMC 2.16% and Foxconn 2.5%.
Broader Asian markets also advanced as oil prices fell and investors embraced a risk-on trade, with BNP Paribas saying portfolios are still being rebalanced toward the AI theme.
Oil prices plunged on the peace news, but why might your relief at the gas pump be months away?
What was Pakistan's true price for brokering a peace deal that saved the global economy from collapse?
With thousands of mines still in the water, is the world's most vital oil route actually safe to reopen?
US-Iran Ceasefire 2026: Market Surge, Oil Shock, and the Fragile Path to Regional Stability
Overview
In June 2026, global financial markets responded positively to progress in US-Iran ceasefire negotiations, with the Russell 2000 index jumping 3 percent. This surge was driven by anticipation of easier interest rates, which especially help smaller companies that rely on borrowing to grow. Diplomatic efforts, led by Qatar and Pakistan, brought the ceasefire agreement close to completion, boosting market optimism. However, tensions remained high as incidents in the Strait of Hormuz showed ongoing security risks. Overall, hopes for a deal and expectations of improved economic conditions fueled market gains, even as regional stability remained fragile.