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U.S. stock futures jump on Iran deal to end the war; Japan's Nikkei surges 5%

6 h ago

Global markets rallied Monday after the U.S. and Iran reached a peace deal, ending the Middle East conflict and reopening the Strait of Hormuz. Japan's Nikkei 225 surged to a record intraday high, closing 5% higher at 69,317.50. South Korea's Kospi jumped 5.2% to 8,545.98, leading Asia-Pacific gains. Hong Kong's Hang Seng Index rose 0.56%, while China's CSI 300 gained 2.39%. Australia's S&P/ASX 200 added 1.25%, and India's Nifty 50 was up 1.25%. Asian tech stocks soared, with SoftBank rising over 12%, Tokyo Electron up 9.19%, and Advantest gaining 7.69%. Samsung Electronics and SK Hynix rose 4.65% and 6.42% respectively. TSMC added 2.16%, and Foxconn gained 2.5%. European markets also surged, with the pan-European Stoxx 600 up 1.2% at open. France's CAC 40 led with a 1.9% gain, followed by Germany's DAX up 1.8%. Carmakers soared 3.7%, travel and leisure stocks advanced 2.8%, and defense companies rose. Renault climbed 5.6%, Stellantis added 5.6%, and Ferrari gained 4.5%. TUI rose 7.1%, Lufthansa added 5.7%, and Ryanair gained 5.5%. However, energy stocks plummeted as oil prices dropped below $80 a barrel for the first time since the conflict began. Var Energi plunged 7.3%, TotalEnergies tumbled nearly 5.8%, BP fell 4.4%, and Shell slipped 4.3%. U.S. crude futures were down 4.8% to $80.80, and Brent fell 3.9% to $83.89. U.S. stock futures rose Sunday night, with Dow futures up 0.6%, and S&P 500 and Nasdaq 100 futures up 0.7% and 0.8% respectively. The peace deal, mediated by Pakistan, includes a toll-free reopening of the Strait of Hormuz and an end to the U.S. naval blockade. President Donald Trump announced the deal, saying, "Ships of the World, start your engines! Let the oil flow!" The official signing ceremony is set for June 19 in Switzerland.