Market Update
Bank of Japan Lifted Short-Term Policy Rate to a Three-Decade High
Akira Ito
16 Jun, 2026
Tokyo
Japan's benchmark indexes reversed earlier losses on Tuesday as investors reacted to the latest rate decisions from the central bank.
The Nikkei 225 Stock Average increased 0.4% and reached to an intraday record high, the broader TOPIX decreased 0.1%, and the yen stayed above 160 levels against the U.S. dollar for the second consecutive week.
The Bank of Japan raised its short-term reference rate by 25% to 1%, the highest since 1995.
Policymakers stepped up to contain fallout from Iran's war-driven energy inflation spilling over into the broader economy amid an uncertain geopolitical outlook.
The central bank raised rates for the first time since December, when it increased rates to 0.75%, and rates have been increased to 1% for the first time since September 1995.
The yield on 10-year Japanese government bonds edged up a fraction to 2.64%, and policymakers struggled to balance the risk of slower economic growth and employment with gathering inflationary pressures.
Despite the three-decade-high interest rate, domestic economic growth remains weak, driven by persistent weakness in wage growth and household spending.
Moreover, the weakness in the yen persisted because of a wide interest rate differential with the U.S., supporting the carry trade activity and overcoming repeated intervention efforts by the Ministry of Finance.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 0.4%, and the broader TOPIX decreased 0.1% to 3,995.57.
Technology stocks led gainers in Tuesday's trading, tracking overnight gains in New York. The tech-heavy Nasdaq Composite soared 3.1%, and memory and advanced chipmakers surged between 8% and 19%.
Kioxia Holdings gained 6%, SoftBank Group decreased 0.2%, Tokyo Electron decreased 1.4%, Fujikura Ltd. increased 7.4%, and Advantest Corp. added 4.4%.
Sumitomo Mitsui Financial decreased 1.3%, Mizuho Financial edged down 0.02%, and Mitsubishi UFJ Financial eased 0.8%.
Bank of Japan Lifted Short-Term Policy Rate to a Three-Decade High
Akira Ito
16 Jun, 2026
Tokyo
Japan's benchmark indexes reversed earlier losses on Tuesday as investors reacted to the latest rate decisions from the central bank.
The Nikkei 225 Stock Average increased 0.4%, the broader TOPIX decreased 0.1%, and the yen stayed above 160 levels against the U.S. dollar for the second consecutive week.
The Bank of Japan raised its short-term reference rate by 25% to 1%, the highest since 1995.
Policymakers stepped up to contain fallout from Iran's war-driven energy inflation spilling over into the broader economy amid an uncertain geopolitical outlook.
The yield on 10-year Japanese government bonds edged up a fraction to 2.64%, and policymakers struggled to balance the risk of slower economic growth and employment with gathering inflationary pressures.
Despite the three-decade-high interest rate, domestic economic growth remains weak, driven by persistent weakness in wage growth and household spending.
Moreover, the weakness in the yen persisted because of a wide interest rate differential with the U.S., supporting the carry trade activity and overcoming repeated intervention efforts by the Ministry of Finance.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 0.4%, and the broader TOPIX decreased 0.1% to 3,995.57.
Technology stocks led gainers in Tuesday's trading, tracking overnight gains in New York. The tech-heavy Nasdaq Composite soared 3.1%, and memory and advanced chipmakers surged between 8% and 19%.
Kioxia Holdings gained 6%, SoftBank Group decreased 0.2%, Tokyo Electron decreased 1.4%, Fujikura Ltd. increased 7.4%, and Advantest Corp. added 4.4%.
Sumitomo Mitsui Financial decreased 1.3%, Mizuho Financial edged down 0.02%, and Mitsubishi UFJ Financial eased 0.8%.
China's Weak Retail Sales and Property Sector Data Confirmed Domestic Imbalances
Li Chen
16 Jun, 2026
Hong Kong
China's benchmark indexes lacked direction as investors reviewed the latest batch of economic data.
The Hang Seng Index declined 1.2%, and the mainland-focused CSI 300 Index increased 0.1% amid weak property sector and retail sales data.
New home prices across 70 cities decreased 3.5% from a year ago in May, marking the 35th consecutive month of decline and highlighting the prolonged weakness in the property sector.
In other economic news, China's retail sales turned lower in May, highlighting the persistent weakness in domestic demand even as exports skyrocketed.
Retail sales declined 0.6% from a year ago in May, down from a 0.2% rise in April, according to the National Bureau of Statistics.
Retail sales declined for the first time since China lifted its COVID-19-related restrictions in December 2022. For the January-May period, sales advanced 1.4%, underscoring a weak demand growth outlook.
Household activity remained weak despite the Labor Day holiday at the start of May amid job market uncertainty and weakness in the property sector, driven by a 16.1% decrease in automobile sales.
Meanwhile, industrial output growth accelerated to an annual pace of 4.5% in May from 4.1% in April but was slower than 5.7% in March, the statistical bureau confirmed in a separate report.
China's overall fixed-asset investment declined 4.1% in the January-May period, compared to a 1.6% fall over the first four months of the year.
The struggling property sector weighed on the overall fixed-investment data, which cover items such as infrastructure, manufacturing, and property.
Real estate investment fell 16.2% in the January-May period, compared to a decrease of 13.7% over the first four months.
China's urban jobless rate eased to 5.1% in May compared to 5.2% in April and 5.4% in March, according to an update from the statistical bureau.
The latest flood of economic data confirmed the importance of export activities, providing stability in the broader economy, as exports in May advanced at an annual pace of 19.4% and imports rose annually at 27.4%.
China Indexes and Stocks
The Hang Seng Index decreased 1.2% to 24,537.09, and the mainland-focused CSI 300 Index added 0.1% to 4,898.1.
Financial stocks participated in the market weakness, and Industrial and Commercial Bank of China, Agriculture Bank of China, and China Construction Bank decreased around 0.5%.
China's Weak Retail Sales and Property Sector Data Confirmed Domestic Imbalances
Inga Muller
16 Jun, 2026
Hong Kong
China's benchmark indexes lacked direction as investors reviewed the latest batch of economic data.
The Hang Seng Index declined 1.2%, and the mainland-focused CSI 300 Index increased 0.1% amid weak property sector and retail sales data.
New home prices across 70 cities decreased 3.5% from a year ago in May, marking the 35th consecutive month of decline and highlighting the prolonged weakness in the property sector.
In other economic news, China's retail sales turned lower in May, highlighting the persistent weakness in domestic demand even as exports skyrocketed.
Retail sales declined 0.6% from a year ago in May, down from a 0.2% rise in April, according to the National Bureau of Statistics.
Retail sales declined for the first time since China lifted its COVID-19-related restrictions at the end of 2022. For the January-May period, sales advanced 1.4%, underscoring a weak demand growth outlook.
Household activity remained weak despite the Labor Day holiday amid job market uncertainty and weakness in the property sector, driven by a 16.1% decrease in automobile sales.
Meanwhile, industrial output growth accelerated to an annual pace of 4.5% in May from 4.1% in April but was slower than 5.7% in March, the statistical bureau confirmed in a separate report.
China's overall fixed-asset investment declined 4.1% in the January-May period, compared to a 1.6% fall over the first four months of the year.
The struggling property sector weighed on the overall fixed-investment data, which cover items such as infrastructure, manufacturing, and property.
Real estate investment fell 16.2% in the January-May period, compared to a decrease of 13.7% over the first four months.
China's urban jobless rate eased to 5.1% in May compared to 5.2% in April and 5.4% in March, according to an update from the statistical bureau.
The latest flood of economic data confirmed the importance of export activities, providing stability in the broader economy, as exports in May advanced at an annual pace of 19.4% and imports rose annually at 27.4%.
China Indexes and Stocks
The Hang Seng Index decreased 1.2% to 24,537.09, and the mainland-focused CSI 300 Index added 0.1% to 4,898.1.
Financial stocks participated in the market weakness, and Industrial and Commercial Bank of China, Agriculture Bank of China, and China Construction Bank decreased around 0.5%.
U.S. and Global Markets Turned Higher as Investors Reacted to U.S.-Iran Deal Claims
Barry Adams
15 Jun, 2026
New York City
Stocks on Wall Street traded higher on Monday as investors reviewed progress in the U.S.-Iran peace talks, and crude oil prices plunged.
The S&P 500 Index increased 0.9%, and the tech-dominated Nasdaq Composite advanced 1.8% amid rising expectations over the reopening of the Strait of Hormuz.
The U.S. president claimed a longer-lasting peace deal with Iran, without offering key details about the agreement.
The U.S. president has struggled to list benefits and concessions won from Iran following a two-monthlong conflict and repeatedly claimed that Iran's military capabilities have been "totally destroyed."
Despite the multiple assertions by the U.S. president, Iran has successfully struck the U.S. military bases in the Middle East and conducted missile strikes targeting locations in Israel.
Despite the lack of peace agreement details, unverifiable claims of the U.S. president, and ongoing hostilities in the region, investors held out for the resumption of commercial shipments through the narrow passageway in the Middle East.
Benchmark indexes in Japan soared nearly 5%; in South Korea, they surged as much as 8%; in India, they advanced 1%; and in mainland China, they jumped nearly 2%.
In Europe, market indexes in Germany and France gained more than 1% and edged up a fraction in the U.K.
In a holiday-shortened week, U.S. investors are awaiting the release of retail sales and the latest update on the housing sector.
Stock exchanges are closed in New York on Friday to observe Juneteenth, commemorating the end of slavery in the U.S.
U.S. Movers
Space Exploration Technology Corp, or SpaceX, surged 19% to $160.95 in Friday's trading after the company completed its initial public offering at $135 per share and sold 555.6 million shares, raising $75 billion.
The largest ever U.S. initial public offering attracted strong interest from retail investors, and the public offering was oversubscribed by four times.
On Monday, SpaceX's stock increased 5% to $169.31, despite growing calls from analysts warning that the company's current business fundamentals, near-term revenue growth, and lack of profitability point to substantially lower valuations.
SpaceX's successful public offering highlights the investor demand for high-growth and high-risk companies that are leading innovation in space and Internet technologies.
U.S. and Global Markets Turned Higher as Investors Reacted to U.S.-Iran Deal Claims
Barry Adams
15 Jun, 2026
New York City
Stocks on Wall Street traded higher on Monday as investors reviewed progress in the U.S.-Iran peace talks, and crude oil prices plunged.
The S&P 500 Index increased 0.9%, and the tech-dominated Nasdaq Composite advanced 1.8% amid rising expectations over the reopening of the Strait of Hormuz.
The U.S. president claimed a longer-lasting peace deal with Iran, without offering key details about the agreement.
The U.S. president has struggled to list benefits and concessions won from Iran following a two-monthlong conflict and repeatedly claimed that Iran's military capabilities have been "totally destroyed."
Despite the multiple assertions by the U.S. president, Iran has successfully struck the U.S. military bases in the Middle East and conducted missile strikes targeting locations in Israel.
Despite the lack of peace agreement details, unverifiable claims of the U.S. president, and ongoing hostilities in the region, investors held out for the resumption of commercial shipments through the narrow passageway in the Middle East.
Benchmark indexes in Japan soared nearly 5%; in South Korea, they surged as much as 8%; in India, they advanced 1%; and in mainland China, they jumped nearly 2%.
In Europe, market indexes in Germany and France gained more than 1% and edged up a fraction in the U.K.
In a holiday-shortened week, U.S. investors are awaiting the release of retail sales and the latest update on the housing sector.
Stock exchanges are closed in New York on Friday to observe Juneteenth, commemorating the end of slavery in the U.S.
U.S. Movers
Space Exploration Technology Corp, or SpaceX, surged 19% to $160.95 in Friday's trading after the company completed its initial public offering at $135 per share and sold 555.6 million shares, raising $75 billion.
The largest ever U.S. initial public offering attracted strong interest from retail investors, and the public offering was oversubscribed by four times.
On Monday, SpaceX's stock increased 5% to $169.31, despite growing calls from analysts warning that the company's current business fundamentals, near-term revenue growth, and lack of profitability point to substantially lower valuations.
SpaceX's successful public offering highlights the investor demand for high-growth and high-risk companies that are leading innovation in space and Internet technologies.
Japan's Indexes Soared After the U.S. President Claimed Peace Deal with Iran
Akira Ito
15 Jun, 2026
Tokyo
Japan's benchmark indexes shot up in Monday's trading amid hopes of a longer-term peace agreement between the U.S. and Iran, paving the way to reopen the Strait of Hormuz.
The Nikkei 225 Stock Average soared 5%, and the broader TOPIX advanced more than 3%, and the yen hovered around 160 against the U.S. dollar.
Optimism prevailed in Asian trading as investors reacted to a possible peace deal between Iran and the U.S.; however, key details of the agreement appeared unresolved.
Commercial shipments through the Strait of Hormuz could resume as early as July if a tentative agreement could lift the dual blockade.
At least 1,700 oil tankers are stuck in the Persian Gulf, and about 10 million barrels of oil per day are prevented from reaching global markets.
The yen hovered at the 160 level amid hopes that the Bank of Japan is ready to lift rates by 25 basis points to contain inflation and support the beleaguered currency.
Japan Indexes and Stocks
The Nikkei 225 Stock Average soared 5% to 69,305.05, and the broader TOPIX jumped 3% to 4,004.92.
Tech stocks surged following SpaceX's strong debut in New York on Friday, which bolstered investor interest in high-growth and high-risk opportunities.
Murata Manufacturing surged 17%, SoftBank Group soared 10%, Tokyo Electron gained 8%, Advantest jumped 7%, and Kioxia Holdings gained 11%.
IHI Corp soared 11%, Toyota Motor advanced 4.5%, Honda Motor gained 4%, and Fujikura Ltd gained 2.2%.
Japan's Indexes Soared After the U.S. President Claimed Peace Deal with Iran
Akira Ito
15 Jun, 2026
Tokyo
Japan's benchmark indexes shot up in Monday's trading amid hopes of a longer-term peace agreement between the U.S. and Iran, paving the way to reopen the Strait of Hormuz.
The Nikkei 225 Stock Average soared 5%, and the broader TOPIX advanced more than 3%, and the yen hovered around 160 against the U.S. dollar.
Optimism prevailed in Asian trading as investors reacted to a possible peace deal between Iran and the U.S.; however, key details of the agreement appeared unresolved.
Commercial shipments through the Strait of Hormuz could resume as early as July if a tentative agreement could lift the dual blockade.
At least 1,700 oil tankers are stuck in the Persian Gulf, and about 10 million barrels of oil per day are prevented from reaching global markets.
The yen hovered at the 160 level amid hopes that the Bank of Japan is ready to lift rates by 25 basis points to contain inflation and support the beleaguered currency.
Japan Indexes and Stocks
The Nikkei 225 Stock Average soared 5% to 69,305.05, and the broader TOPIX jumped 3% to 4,004.92.
Tech stocks surged following SpaceX's strong debut in New York on Friday, which bolstered investor interest in high-growth and high-risk opportunities.
Murata Manufacturing surged 17%, SoftBank Group soared 10%, Tokyo Electron gained 8%, Advantest jumped 7%, and Kioxia Holdings gained 11%.
IHI Corp soared 11%, Toyota Motor advanced 4.5%, Honda Motor gained 4%, and Fujikura Ltd gained 2.2%.
China's indexes Advanced On U.S.-Iran Deal Optimism
Li Chen
15 Jun, 2026
Hong Kong
China's indexes advanced following optimism over a tentative U.S.-Iran peace deal and reopening of the Strait of Hormuz.
The Hang Seng Index increased 0.5%; the mainland-focused CSI 300 Index gained 1.5% after the U.S. and Iran confirmed the potential peace deal in the Middle East.
Brent crude oil prices dropped 5% to $83.17 a barrel in the hopes that commercial shipping through the Strait of Hormuz is likely to resume as early as next week.
Despite the market optimism, key details of the agreement are unresolved, and no official text has yet been released.
Benchmark indexes across Asia soared on the peace deal's optimism, and market indexes in Japan and South Korea rose 5% and advanced more than 1.6% in India.
China Indexes and Stocks
The Hang Seng Index increased 0.5% to 24,829.62, and the mainland-focused CSI 300 Index advanced 1.5% to 4,847.65.
Artificial intelligence and semiconductor-linked stocks led gainers in Shanghai and Hong Kong trading.
Zijin Mining soared 5%, Zijin Gold International surged 13%, CATL advanced 3%, and CNOOC dropped 4%.
China's indexes Advanced On U.S.-Iran Deal Optimism
Li Chen
15 Jun, 2026
Hong Kong
China's indexes advanced following optimism over a tentative U.S.-Iran peace deal and reopening of the Strait of Hormuz.
The Hang Seng Index increased 0.5%; the mainland-focused CSI 300 Index gained 1.5% after the U.S. and Iran confirmed the potential peace deal in the Middle East.
Brent crude oil prices dropped 5% to $83.17 a barrel in the hopes that commercial shipping through the Strait of Hormuz is likely to resume as early as next week.
Despite the market optimism, key details of the agreement are unresolved, and no official text has yet been released.
Benchmark indexes across Asia soared on the peace deal's optimism, and market indexes in Japan and South Korea rose 5% and advanced more than 1.6% in India.
China Indexes and Stocks
The Hang Seng Index increased 0.5% to 24,829.62, and the mainland-focused CSI 300 Index advanced 1.5% to 4,847.65.
Artificial intelligence and semiconductor-linked stocks led gainers in Shanghai and Hong Kong trading.
Zijin Mining soared 5%, Zijin Gold International surged 13%, CATL advanced 3%, and CNOOC dropped 4%.
Japan's Indexes Rebounded Tracking Wall Street Gains, Yen Hovered at Intervention Level
Akira Ito
12 Jun, 2026
Tokyo
Japan's indexes soared in Friday's trading following gains in overnight trading in New York.
The Nikkei 225 Stock Average gained 3.4%, and the broader TOPIX advanced 1.5% amid improving sentiment in the Middle East.
Investors bid up stocks after the U.S. president signaled a possible peace deal with Iran as early as this weekend; however, previous claims of an agreement have failed to live up to market expectations.
For now, the price of Brent crude oil decreased 1.9% to $88.86 a barrel and extended this week's losses to 8% as investors held out for a possible agreement to reopen the Strait of Hormuz for commercial shipping.
The Bank of Japan is widely anticipated to raise rates after the policy meeting next week amid higher inflation and tighter supply conditions for energy products from the Middle East.
The yield on 10-year Japanese government bonds advanced to 2.64% and hovered near multi-decade highs.
Japan's industrial production advanced 0.5% from the previous month in April, according to the Ministry of Economy, Trade, and Industry.
Investors also reviewed the European Central Bank's latest rate actions as policymakers adjusted to higher energy inflation linked to the war in Iran.
The ECB lifted its three benchmark rates by 25 basis points, an increase for the first time since 2023, to between 2.25% and 2.65%.
The central bank also adjusted its overall inflation outlook to 3.0% from the previous estimate of 2.6% and its GDP growth in the eurozone to 0.8% from the previous estimate of 0.9%.
Japan Indexes and Stocks
The Nikkei 225 Stock Average soared 3.4% to 66,385.34, and the broader TOPIX advanced 1.5% to 3,887.83.
For the week, the Nikkei 225 Stock Average gained 3.3%, and the TOPIX advanced 0.8% as investors awaited the Bank of Japan's rate decisions next week.
AI- and semiconductor-linked stocks led the rebound in Friday's trading.
Kioxia Holdings jumped 6%, SoftBank Group gained 5%, Tokyo Electron soared 10%, and Taiyo Yuden advanced 12%.
Banks and financial services providers advanced ahead of the Bank of Japan's rate decision, and the Japanese yen traded at 160.15 against the U.S. dollar.
Sumitomo Mitsui Financial increased 3.2%, Mitsubishi UFJ Financial advanced 1%, and Mizuho Financial gained 3%.
Japan's Indexes Rebounded Tracking Wall Street Gains, Yen Hovered at Intervention Level
Akira Ito
12 Jun, 2026
Tokyo
Japan's indexes soared in Friday's trading following gains in overnight trading in New York.
The Nikkei 225 Stock Average gained 3.4%, and the broader TOPIX advanced 1.5% amid improving sentiment in the Middle East.
Investors bid up stocks after the U.S. president signaled a possible peace deal with Iran as early as this weekend; however, previous claims of an agreement have failed to live up to market expectations.
For now, the price of Brent crude oil decreased 1.9% to $88.86 a barrel and extended this week's losses to 8% as investors held out for a possible agreement to reopen the Strait of Hormuz for commercial shipping.
The Bank of Japan is widely anticipated to raise rates after the policy meeting next week amid higher inflation and tighter supply conditions for energy products from the Middle East.
The yield on 10-year Japanese government bonds advanced to 2.64% and hovered near multi-decade highs.
Japan's industrial production advanced 0.5% from the previous month in April, according to the Ministry of Economy, Trade, and Industry.
Investors also reviewed the European Central Bank's latest rate actions as policymakers adjusted to higher energy inflation linked to the war in Iran.
The ECB lifted its three benchmark rates by 25 basis points, an increase for the first time since 2023, to between 2.25% and 2.65%.
The central bank also adjusted its overall inflation outlook to 3.0% from the previous estimate of 2.6% and its GDP growth in the eurozone to 0.8% from the previous estimate of 0.9%.
Japan Indexes and Stocks
The Nikkei 225 Stock Average soared 3.4% to 66,385.34, and the broader TOPIX advanced 1.5% to 3,887.83.
For the week, the Nikkei 225 Stock Average gained 3.3%, and the TOPIX advanced 0.8% as investors awaited the Bank of Japan's rate decisions next week.
AI- and semiconductor-linked stocks led the rebound in Friday's trading.
Kioxia Holdings jumped 6%, SoftBank Group gained 5%, Tokyo Electron soared 10%, and Taiyo Yuden advanced 12%.
Banks and financial services providers advanced ahead of the Bank of Japan's rate decision, and the Japanese yen traded at 160.15 against the U.S. dollar.
Sumitomo Mitsui Financial increased 3.2%, Mitsubishi UFJ Financial advanced 1%, and Mizuho Financial gained 3%.
China and Hong Kong Indexes Extended Weekly Advance
Li Chen
12 Jun, 2026
Hong Kong
China's benchmark indexes rebounded and participated in an Asia-wide market rally amid hopes of a longer-lasting peace agreement between the U.S. and Iran.
The Hang Seng Index soared nearly 2%, and the mainland-focused CSI 300 Index gained 1.5% after the U.S. president claimed that a peace deal with Iran is likely to materialize as early as this weekend.
The U.S. president's claim could not be verified, and previous claims of a deal with Iran have turned out to be false dawns over the last two months.
Moreover, Iran is preparing to ramp up its aerial strikes in Jordan, Iraq, Kuwait, and Bahrain.
About 1,500 oil tankers are trapped in the Strait of Hormuz amid dual blockades, and at least 10 million barrels of oil a day are prevented from reaching global markets.
However, for now, benchmark indexes in Japan soared more than 3%, in South Korea surged 8.2%, and in Taiwan jumped nearly 4%.
China Indexes and Stocks
The Hang Seng Index soared 1.9% to 24,700.71, and the mainland-focused CSI 300 Index advanced 1.5% to 4,794.71.
For the week, the Hang Seng Index increased 0.6%, and the CSI 300 Index advanced 1.5% as investors reacted to developments in the Middle East amid escalating tensions.
Semiconductor, metals mining, and AI-linked stocks led gainers in Friday's trading.
Zijin Mining, Zijin Gold, SMIC, Zhongji Innolight, and China Tungsten advanced between 4% and 6%.
Alibaba Group increased 2.9%, Tencent Holdings increased 2%, and Meituan rose 0.1%.
China and Hong Kong Indexes Extended Weekly Advance
Li Chen
12 Jun, 2026
Hong Kong
China's benchmark indexes rebounded and participated in an Asia-wide market rally amid hopes of a longer-lasting peace agreement between the U.S. and Iran.
The Hang Seng Index soared nearly 2%, and the mainland-focused CSI 300 Index gained 1.5% after the U.S. president claimed that a peace deal with Iran is likely to materialize as early as this weekend.
The U.S. president's claim could not be verified, and previous claims of a deal with Iran have turned out to be false dawns over the last two months.
Moreover, Iran is preparing to ramp up its aerial strikes in Jordan, Iraq, Kuwait, and Bahrain.
About 1,500 oil tankers are trapped in the Strait of Hormuz amid dual blockades, and at least 10 million barrels of oil a day are prevented from reaching global markets.
However, for now, benchmark indexes in Japan soared more than 3%, in South Korea surged 8.2%, and in Taiwan jumped nearly 4%.
China Indexes and Stocks
The Hang Seng Index soared 1.9% to 24,700.71, and the mainland-focused CSI 300 Index advanced 1.5% to 4,794.71.
For the week, the Hang Seng Index increased 0.6%, and the CSI 300 Index advanced 1.5% as investors reacted to developments in the Middle East amid escalating tensions.
Semiconductor, metals mining, and AI-linked stocks led gainers in Friday's trading.
Zijin Mining, Zijin Gold, SMIC, Zhongji Innolight, and China Tungsten advanced between 4% and 6%.
Alibaba Group increased 2.9%, Tencent Holdings increased 2%, and Meituan rose 0.1%.
U.S. Indexes Rebounded 1% Overlooking Persistent Tensions in Middle East
Barry Adams
11 Jun, 2026
New York City
Stocks in New York staged a rebound after tensions in the Middle East appeared to recede for now.
The S&P 500 Index increased 0.6%, and the tech-focused Nasdaq Composite advanced nearly 1% as investor sentiment recovered.
The U.S. and Iran halted their latest wave of strikes as two sides struggled to find a common ground and Iran and Israel threatened additional strikes if needed.
The fragile peace in the Middle East is threatened as Iran and the U.S. exchanged fire over the two-day period, and Iran targeted U.S. military sites in Jordan, Iraq, and Kuwait.
Chip stocks rebounded amid a recovery in market sentiment, but caution prevailed in trading in New York ahead of the launch of SpaceX's initial public offering.
Advanced semiconductor and memory makers faced a heavy sell-off over the last five trading sessions, following a rally in the previous nine-week period.
Chipmakers are still up between 70% and 85% in the year so far, as investors continue to chase artificial intelligence-linked stocks.
Sharp Rise In Energy Prices Accelerated PPI In May
On the economic front, producer price inflation accelerated in May, according to the U.S. Bureau of Labor Statistics.
The measure of wholesale inflation accelerated to 6.5% in May from 5.7% in the previous month, driven by a sharp jump in gasoline prices.
On a monthly basis, producer prices on final demand increased 1.15, matching the downwardly revised rate in April, driven by a 10.7% jump in energy prices and 0.6% increase in food prices.
Meanwhile, the core rate of inflation, excluding food and energy, rose 0.4% from the previous month and advanced 4.9% from a year ago.
U.S. Movers
Chewy Inc. dropped 2% to $19.98 after the online pet store operator reported record profit and customer growth in the fiscal first quarter.
Net sales increased 7.7% to $3.4 billion from $3.1 billion, net income advanced to $94.8 million from $62.4 million, and diluted earnings per share rose to 23 cents from 15 cents a year ago.
Net sales per active customer increased 2.4% to $597 from $583, auto-ship customer sales as a percentage of net sales rose to 84.4% from 82.2%, and free cash flow jumped 45.4% to $70.8 million from $48.7 million a year ago.
Active customers in the quarter increased to 3.6% to 21.5 million from 20.8 million in the same period a year ago.
Oracle Corp. dropped 8.5% to $184.63 after the software company reported strong financial results and announced its plans to raise $20 billion through a secondary offering.
Revenue in the fiscal fourth quarter increased 21% to $19.2 billion from $15.9 billion, net income available to shareholders advanced to $4.2 billion from $3.4 billion, and diluted earnings per share rose to $1.45 from $1.19 a year ago.
In the fiscal year 2026, total revenues advanced 17% to $67.4 billion, driven by a 39% rise in cloud services to $34 billion, a 10% gain in the services segment to $5.7 billion, a 5% increase in hardware to $3.1 billion, and a 1% decline in the software segment to $24.5 billion.
The software company said it plans to raise $40 billion in fiscal 2027, including an equity offering of $20 billion.
Oracle in fiscal 2026 raised $43 billion in debt financing and $5 billion through a secondary equity offering.
The company estimated fiscal first quarter revenue to rise between 27% and 29%, and cloud revenue is estimated to grow between 57% and 63% in constant currency and rise between 58% and 64% in the U.S. dollar.
The company also retained its fiscal year revenue guidance of $90 billion and raised its adjusted earnings per share estimate to $8.05, an increase of 18% after adjusting for the one-time transactions of selling the Ampere chip business and Bloom Energy warrants in fiscal year 2026.