A collection of news headlines covering topics such as a stabbing incident in Northern Ireland, Trump's inflation comment and Gates' testimony, nomination of Jay Clayton, Mickelson's club incident, 'Doctor Who' uncertainty, US stock market surge, a raccoon rampage, the world's oldest gorilla, human skills vs AI, Hajj photography, FDA e-cigarette authorization, New York AI ads, vegetable grilling recipe, Pope's youth rally, Peru presidential election, and currency trading scenes in Seoul.
What to know about the stabbing that set off fiery riots in Northern IrelandMan pleads guilty to killing a top Minnesota Democrat and her husband while posing as an officerTrump says ‘I love the inflation,’ Bill Gates testifies about his Epstein ties, and Southern Baptists advance ban on women pastorsTrump nominates US Attorney Jay Clayton to be director of national intelligenceReport: Mickelson kicked out of San Diego club for inappropriate contact with female employee' Doctor Who ' future uncertain as BBC scraps Christmas special and showrunner exitsUS stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally againRaccoon goes on drunken rampage in Virginia liquor store and passes out on bathroom floorFatou, the world's oldest gorilla living in captivity, celebrates her 69th birthday at Berlin ZooThe skills people still perform better than AI, according to workplace expertsAt the Kaaba during Hajj , a photographer captures sense of unity and devotionFDA's e-cigarette authorization: Fruity vapes not significantly better than tobacco onesAds in New York must now label AI-generated 'synthetic performers'How to grill vegetables and toss them in Isaac Toups’ bacon vinaigrettePope's youth rally in Spain gets raw, with frank discussion of depression and domestic violenceKeiko Fujimori retoma su liderazgo sobre Roberto Sánchez en el balotaje presidencial de PerúWhat to know about the stabbing that set off fiery riots in Northern IrelandMan pleads guilty to killing a top Minnesota Democrat and her husband while posing as an officerTrump says ‘I love the inflation,’ Bill Gates testifies about his Epstein ties, and Southern Baptists advance ban on women pastorsTrump nominates US Attorney Jay Clayton to be director of national intelligenceReport: Mickelson kicked out of San Diego club for inappropriate contact with female employee' Doctor Who ' future uncertain as BBC scraps Christmas special and showrunner exitsUS stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally againRaccoon goes on drunken rampage in Virginia liquor store and passes out on bathroom floorFatou, the world's oldest gorilla living in captivity, celebrates her 69th birthday at Berlin ZooThe skills people still perform better than AI, according to workplace expertsAt the Kaaba during Hajj , a photographer captures sense of unity and devotionFDA's e-cigarette authorization: Fruity vapes not significantly better than tobacco onesAds in New York must now label AI-generated 'synthetic performers'How to grill vegetables and toss them in Isaac Toups’ bacon vinaigrettePope's youth rally in Spain gets raw, with frank discussion of depression and domestic violenceKeiko Fujimori retoma su liderazgo sobre Roberto Sánchez en el balotaje presidencial de PerúCurrency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026.
A currency trader passes by a screen showing the Korea Composite Stock Price Index and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026. A currency trader passes by a screen showing the Korea Composite Stock Price Index and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026.
Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026. Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026.
A currency trader passes by a screen showing the Korea Composite Stock Price Index and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026. A currency trader passes by a screen showing the Korea Composite Stock Price Index and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026.
A currency trader passes by a screen showing the Korea Composite Stock Price Index and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026. A currency trader passes by a screen showing the Korea Composite Stock Price Index and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026.
HONG KONG — Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after U.S. President Donald TrumpSouth Korea’s Kospi jumped 7.8% to 8,370.82, narrowing losses from earlier this month from sell-offs of shares related toThe Kospi has roughly doubled over the past six months, with a record closing high of 8.801.49 on June 2. Samsung Electronics, South Korea’s most valuable company, advanced 11.2%. Computer chipmaker SK Hynix rose 7.2%.
Tokyo’s Nikkei’s 225 gained 3.5% to 66,442.95, also led by gains for technology stocks. SoftBank Group, a multinational investment holding company with a strong AI focus, was up 2%. Chip equipment maker Tokyo Electron jumped 10.3%. Hong Kong’s Hang Seng gained 1.8% to 24,689.32 and the Shanghai Composite index rose 1.6% to 4,050.51.
Taiwan’s Taiex gained 2.6%, while India’s Sensex advanced 1.2%.against Iran. He asserted that the U.S. had made “a great settlement of the war with Iran,” adding that an extension of the shaky ceasefire between the two sides could be finalized in “the next few days. ” Few details were offered. Global markets retreated earlier in the week as tensions between the U.S. and Iran escalated.
High oil prices have added to inflationary pressures globally as the“Trump has said many times before that a deal is very close, only for hostilities to resume,” ING commodities analysts Warren Patterson and Ewa Manthey wrote in a note on Friday.
“However, there does appear to be more positive noise around the deal this time. ” “ we would be cautious about assuming that the extension of the ceasefire is a done deal,” they added.
“Even if it is, it could be fragile. ”Brent crude oil, the international standard, fell 1.7% to $88.87 per barrel early Friday. That was still much higher than the roughly $70 a barrel level it was at before the war began in late February.in early May.
The Dow Jones Industrial Average rallied 1.9% to 50,848.75, and the technology-heavy Nasdaq composite climbed 2.5% to 25,809.66.the past week in part due to renewed worries that massive investments and soaring share prices are creating a bubble liable to burst. On Thursday, U.S. chipmaker Marvell Technology climbed 11.1%, but technology company Oracle lost 8.5% on worries over its high spending, despite strong-than-expected quarterly results.
Investors in the U.S. and elsewhere are also awaiting the big debut Friday on Wall Street of SpaceX, Elon Musk’s rocket company, which is set to become the largest IPO on record, In other dealings early Friday, the U.S. dollar rose to 160.22 Japanese yen from 159.93 yen. The euro was trading at $1.1574, down from $1.1578.
Chan writes about business and economy in China for The Associated Press, reporting on key sectors of the world’s second-largest economy from trade and technology to autos. He is based in Hong Kong.
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