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U.S. stocks hit record highs as optimism over a U.S.-Iran peace deal and lower oil disruption risk lifted the Dow and pressured energy shares.

Oil prices fell sharply as a US-Iran deal framework eased fears of supply disruption.
SpaceX’s IPO drew huge attention, but retail investors were left with limited shares and a difficult decision on whether to hold or sell.
Market strategists said the bull market is rotating, with transport stocks emerging as names to watch.
SpaceX continued climbing after its record IPO, while analysts highlighted key technical levels to monitor.
Citi turned constructive on a fintech stock, predicting about 40% upside and noting its attractive dividend.
Traders betting on Kalshi think SpaceX is unlikely to reach Mars by the end of this decade.
Several rocket-related stocks sold off after the SpaceX IPO, but KeyBanc argued the dip is a buying opportunity.
Analysts issued major calls on a range of names including Nvidia, Micron, Ferrari, 3M, Capital One, and Rocket Lab.
Commentators said SpaceX’s historic IPO sets a very high bar for future public offerings and may reshape views on capitalism.
Broader market coverage highlighted a strong Dow, risk-on/risk-off shifts, AI enthusiasm, and new analyst views across sectors.

Hong Kong stocks closed higher, with the Hang Seng Index up 124 points to 24,842 as Tencent’s buyback, Lenovo’s more than 9% surge and active trading lifted market sentiment.

Goldman Sachs said Yihai International’s fundamentals remain solid and kept its “Buy” rating.
There were reports that UBTECH and Wuxi jointly set up a embodied-intelligence technology company.
Hong Kong’s Hang Seng Index closed up 124 points at 24,842, while the Hang Seng Tech Index rose 60 points to 4,765, led by gains in Lenovo and record highs in Kingboard Laminates.
JPMorgan cut its target price for Adobe to US$340, saying the impact of its new strategy will take time to verify.
JPMorgan also lowered UBTECH’s target price to HK$156, noting that customer expansion and product launches reduce scaling risk.
Hong Kong visitor arrivals in May increased 9% year on year to 4.46 million.
China Resources Land bought Hefei Suning Plaza for 657 million yuan.
Citi said concerts may help ease the decline in Macau gaming revenue and kept its June forecast at MOP 19 billion.
Gold prices fell sharply, and several analysts warned the gold bull market may have entered a short-term bearish phase.
China’s market and corporate news showed strong activity in AI, robotics, semiconductors, and capital-market fundraising, while regulators and companies also announced major policy moves, buybacks, holdings changes, and expansion plans.

Japan’s benchmark stock index hit a record high, with the Nikkei breaking above 69,000 yen as optimism over the U.S.-Iran agreement fueled broad buying.

The Bank of Japan is expected to raise interest rates on the 16th, bringing the policy rate to 1%, the highest in 31 years, in an unusual meeting without Governor Ueda present.
U.S. crude oil briefly fell below $80, reaching a three-month low as concerns over an energy crisis eased following a U.S.-Iran memorandum.
Panasonic Holdings shares hit a record high and surpassed 4,000 yen, doubling since the start of the year, driven by strong demand for data-center battery storage systems.
The Tokyo stock market closed at a record high, coming close to 70,000 points, with a gain of 3,297 yen as buying intensified after the U.S.-Iran agreement.
The government will conduct a strict review of the Uri Credit Union scandal, after alleged embezzlement and concealment of misconduct; the chief cabinet secretary called it extremely regrettable.
The Tokyo Stock Exchange also rose into the 69,000-yen range for the first time, with gains of more than 3,600 yen at one point on hopes tied to the U.S.-Iran memorandum.
The yen traded near 160 per dollar as expectations grew for an end to hostilities between the U.S. and Iran, weakening the usual “buy dollars in emergencies” trend.
The Japan Association of Corporate Executives will send a delegation to China for the first time in eight years starting on the 21st to pursue economic dialogue despite strained bilateral ties.
The automotive industry plans to review the custom of working on public holidays starting in fiscal 2027 to improve work-life balance and help secure workers.
Several major corporate and infrastructure developments were reported, including Disney-themed Shinkansen trains, renewed domestic LNG shipbuilding plans, industrial restructuring, and regional redevelopment projects.

Crypto markets turned bullish as Bitcoin’s key signals flipped positive, with analysts calling “crypto spring” after renewed gains across major coins and derivatives activity moving onshore in the U.S.

America can lead in crypto only if it also protects the builders and innovators behind the industry.
Market sentiment turned more positive as some analysts said the crypto cycle has entered a “spring” phase after bullish Bitcoin signals.
Kraken launched U.S. perpetual futures, showing that crypto derivatives are increasingly moving into the regulated American market.
Coinbase CEO Brian Armstrong suggested Bitcoin may have already found a bottom around $60,000.
XRP surged more than 8% above $1.20, marking its first major breakout since the June selloff.
Bittensor (TAO) jumped sharply and helped lift the CoinDesk 20 index higher as one of the day’s strongest performers.
Bitmine expanded its ether holdings by another $136 million after completing a $274 million preferred stock raise.
Michael Saylor’s Strategy bought an additional 1,587 Bitcoin for $100 million, continuing its aggressive accumulation strategy.
U.S.-Iran diplomatic progress boosted equities and pushed oil prices lower, while crypto markets remained cautious amid broader geopolitical and Fed concerns.
Several major crypto stories point to key themes in the market: bullish price predictions, legal and regulatory battles, ETF-driven token demand, and growing institutional adoption of Bitcoin, Ethereum, and XRP.

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