Asian stocks rally on Gulf breakthrough hopes, oil hits two-month lows
- Posted on June 12, 2026
- By Business News Today
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- 1 min read
Asian stocks rally on Gulf breakthrough hopes, oil hits two-month lows
Asian stocks rallied on hopes of a Middle East peace deal, tempering inflation fears as oil prices fell to two-month lows. The market also anticipated Elon Musk's SpaceX IPO, which set a record $75 billion. President Trump indicated a potential peace deal signing soon, boosting market sentiment.
