WS #9263
A major escalation in the Iran-Israel conflict dominates the window, with Iran launching missiles at Israel and Trump urging restraint. This has triggered sharp selloffs in Asian equity markets: South Korea's KOSPI plunged over 8% hitting circuit breakers, and Japan's Nikkei fell below 65,000. Oil prices are climbing on supply disruption fears, while gold holds a loss as the safe-haven bid is offset by ceasefire hopes. Separately, a magnitude 8.2 earthquake struck the Philippines, triggering tsunami warnings across the region, which could disrupt semiconductor supply chains. NVIDIA CEO comments from a Korea event reaffirm AI profitability and SK Hynix as largest partner, providing a bullish counter-narrative for tech. The Iran-Israel conflict is ESCALATING, while the Philippine earthquake is a new natural disaster risk.
Key developments
- Iran launches missile attack on Israel; Trump urges restraint
- South Korea KOSPI plunges over 8%, hits circuit breaker; Nikkei falls below 65,000
- Magnitude 8.2 earthquake strikes Philippines; tsunami warnings issued
- Crude oil climbs after Iran missile attack; Polymarket sees $105 by end of June
- NVIDIA CEO: AI is profitable, SK Hynix remains largest partner, expands to CPUs/robotics