Asian stocks jump on Iran war offramp as oil steadies
Asian stocks jump on Iran war offramp as oil steadies
Markets rally on hopes of a de-escalation in Iran conflict; oil steadies, the dollar slips, and Treasuries gain amid policy-watch.
Asian stocks jumped as optimism grew that the Iran war may be nearing an end, lifting risk appetite across regional markets. The dollar eased while Treasuries edged higher as President Trump signaled a resolution could come within weeks, shifting investor focus to how policymakers will respond to higher energy costs and potential supply disruptions.
Behind the scenes, bid for riskier assets helped U.S. equities edge higher, with tech and semiconductor shares among the standout gainers. In the S&P 500's pulse of movers, ON Semiconductor rose 11.25% to 61.92, Monolithic Power Systems climbed 9.28% to 1,093, Coinbase Global gained 8.60% to 174.61, and Super Micro Computer advanced 8.12% to 22.77. In the laggards column, Constellation Energy slid 6.48% to 279.25, McCormick & Co fell 6.11% to 50.44, CF Industries Holdings dipped 5.64% to 129.84, and EOG Resources shed 3.55% to 144.57.
Analysts say the market is now weighing how much higher energy costs and potential supply disruptions could influence policy responses, from energy diplomacy to inflation trajectories. With the Iran conflict possibly defusing, momentum could persist, but traders warn that volatility remains an undercurrent as new data and diplomacy unfold.
Investors in Singapore and across Asia are keeping a close eye on policy cues as the whiplash of headlines continues.
