Investors piled into technology shares across Asia as hopes for a diplomatic breakthrough between Washington and Tehran eased concerns over energy supply disruptions and geopolitical risk, while optimism around artificial intelligence continued to support demand for major chipmakers and technology firms. The rally reflected a broader shift toward risk appetite after weeks of uncertainty over the Middle East conflict, with investors betting that a potential easing of tensions could reduce pressure on oil markets and provide further support for companies already benefiting from the global artificial intelligence boom
Asian technology stocks surged on Monday, with Japan’s SoftBank Group leading gains among major regional tech companies, as investors embraced a risk-on mood following news that the United States and Iran had agreed to a deal aimed at ending the Middle East conflict.
SoftBank shares jumped more than 12%, making it the top performer among major Asian technology stocks. Japan’s Tokyo Electron rose 9.19%, while Advantest gained 7.69%.
South Korean chipmakers also advanced, with Samsung Electronics climbing 4.65% and SK Hynix rising 6.42% on the Kospi index.
Taiwan Semiconductor Manufacturing Co (TSMC) gained 2.16%, while Hon Hai Precision Industry, also known as Foxconn, rose 2.5%.
The gains followed a broader shift toward riskier assets after expectations grew that the conflict in the Middle East could soon come to an end.
Pakistan Prime Minister Shehbaz Sharif said on Sunday that Iran and the United States had agreed to a deal, with both sides declaring an immediate and permanent termination of military operations on all fronts. He said the official signing ceremony would take place on Friday, June 19, in Switzerland, adding that Pakistan had acted as a mediator between the two countries.
“The Deal with the Islamic Republic of Iran is now complete,” U.S. President Donald Trump said in a Truth Social post, adding that the agreement would reopen the Strait of Hormuz without a toll system and that the United States would end its naval blockade of Iran. “Ships of the World, start your engines,” Trump said. “Let the oil flow!”
SoftBank, Samsung Electronics and SK Hynix have posted strong gains in recent weeks. Samsung Electronics and SK Hynix each crossed a $1 trillion market valuation last month, while SoftBank recently became Japan’s most valuable company.
“The broader tech space has done fairly well,” said Ecaterina Bigos, chief investment officer of core investments Asia ex Japan at BNP Paribas Asset Management.
“Because again, not to forget that investors are trying to rebalance some parts of the portfolios, but they still want to stay in that race of AI,” she told CNBC’s “Squawk Box Asia” on Monday.
Broader Asian markets were also higher on Monday as investors assessed the potential impact of an easing in Middle East tensions.
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Faustine Ngila is the AI Editor at Impact Newswire, based in Nairobi, Kenya. He is an award-winning journalist specializing in artificial intelligence, blockchain, and emerging technologies.
He previously worked as a global technology reporter at Quartz in New York and Digital Frontier in London, where he covered innovation, startups, and the global digital economy.
With years of experience reporting on cutting-edge technologies, Faustine focuses on AI developments, industry trends, and the impact of technology on society.
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