Tech Gains, Oil Dips.

Tech Chip Stocks Bounce Back Hard After Brutal Friday

The biggest winners on Tuesday were chipmakers and AI hardware companies — the same stocks that got crushed last week. Tokyo Electron jumped 7.5% in Tokyo. In Seoul, SK Hynix gained 7.7% and Samsung Electronics rose 3.6%, according to AP News. In the U.S. on Monday, Micron Technology soared 9.9% after losing 13.3% on Friday, and Marvell Technology gained 9.6%.

The sell-off started after chipmaker Broadcom gave forward guidance that disappointed investors who had set sky-high expectations, according to Mena FN. That triggered a wave of selling across AI-heavy indices. Analysts at Morgan Stanley's Mike Wilson called the correction "inevitable and ultimately healthy if this bull market is going to extend into year-end."

Iran Missile Strike Shatters Ceasefire, Sends Oil Surging

Iran fired a barrage of ballistic missiles at Israel on Sunday, June 7. The attack broke a ceasefire deal that had been in place since April 2026. Energy markets reacted fast. Brent crude surged nearly 5% on Monday, hitting $97.60 per barrel, as traders feared a potential blockade of the Strait of Hormuz — a waterway that carries about 20% of global oil flows, according to ABP Live.

Energy analysts described the price spike as "fear-driven" rather than tied to actual demand, according to Pitt Street Research. By Tuesday morning, both Tehran and Jerusalem signaled a tentative openness to de-escalation following U.S. diplomatic pressure. Brent crude slipped back to $94.38, while WTI crude sat at $91.41.

Trump Pushes Diplomacy, Promises 'Total Victory' in Two Weeks

President Donald Trump moved quickly to contain the fallout. He called on both sides to stand down and told supporters he expects to declare "total victory" over the Iran crisis within two weeks, according to Forbes. Trump also told the Financial Times that Israeli Prime Minister Netanyahu "won't have any choice" but to accept a U.S.-led deal. Reports say Washington has told Netanyahu to hold off on any further retaliation.

Analysts Split: Buying Opportunity or More Pain Ahead?

Some investors see the dip as a chance to buy. Goldman Sachs analysts remain bullish on South Korean tech stocks, raising their Kospi target to 12,000 and citing the long-term earnings power of the semiconductor sector, according to Seeking Alpha. Rabobank's senior macro strategist Bas van Geffen said the Nikkei's 1% gain at least "takes some of the 'panic' out of the selling."

Others urge caution. Citi and Goldman Sachs both warned that volatility in the yen carry trade — a strategy where investors borrow in low-rate yen to buy higher-yielding assets — could still trigger further market swings. In oil-importing countries like India, the energy spike is already pushing up fuel and gas prices, adding fresh inflation pressure on households, according to ABP Live.