On Friday (12 June, 9:22 AM, GMT+7, Bangkok time), major indices in the Asia Pacific exhibited an upward trend as investors responded positively to indications of a possible resolution to ongoing tensions in the Middle East.
The rally followed remarks from President Donald Trump, who suggested that negotiations between the U.S. and Iran could soon result in a formal peace accord. Trump stated that agreement documents were nearing completion and anticipated a rapid conclusion, emphasizing that the arrangement would preclude Iran from developing nuclear arms.
The statements marked a notable shift in tone, as he had earlier threatened substantial military action against Iran, including targeting key oil facilities. However, he later opted to forgo the proposed strikes, signaling a preference for diplomatic engagement over escalation.
According to a Bloomberg report, Iran’s Fars news agency stated that, as of Thursday, Iranian authorities had not granted final approval to the draft agreement, citing information from an unnamed source.
Elsewhere, attention is turning to SpaceX, which is preparing to make its market debut on the Nasdaq on Friday. The company has announced plans to open trading at $135 per share under the ticker SPCX, setting its market capitalization at approximately $1.77 trillion.
Japan’s NIKKEI rose by 3.81% to 66,664.67. South Korea’s KOSPI soared by 7.79% to 8,369.10, and Australia’s ASX 200 grew by 1.95% to 8,801.50.
As for stocks in China, Shanghai’s SSEC surged 1.31% to 4,039.26. Shenzhen’s SZI jumped by 1.63% to 15,094.50, and Hong Kong’s HSI increased by 1.59% to 24,634.72.
The U.S. stock markets edged up on Thursday as the Dow Jones Industrial Average (DJIA) gained 1.86% to 50,848.75. NASDAQ advanced by 2.54% to 25,809.66, and S&P 500 expanded by 1.75% to 7,394.30. VIX plummeted by 12.51% to 19.44.
As for commodities, oil prices settled lower on Thursday following President Donald Trump’s decision to abandon a planned military strike against Iran, prompting increased speculation about a possible resolution to the Middle East conflicts. Brent crude fell by $2.72, ending the session at $90.38 per barrel, a decline of 2.9%. U.S. West Texas Intermediate crude also recorded losses, closing $2.32 lower, or down 2.6%, at $87.71 a barrel.
This morning, Brent futures contracted $1.05, or 1.16%, to $89.33 per barrel, and the WTI futures lost 94 cents, or 1.07%, to $86.77 per barrel.
Meanwhile, gold futures escalated by 2.51% to $4,217.40 per Troy ounce.
