Shares of U.S. lenders reached their highest levels ever on Thursday, according to Bloomberg, as investors grew optimistic about a potential deal to end the conflict in Iran and the upcoming record IPO from SpaceX.
The rally extended into Asian markets hours later, with chipmaker-heavy indices posting gains after former President Trump hinted at a possible Iran war deal, the Financial Times reported. The upward momentum reflects a broad risk-on sentiment that has lifted financials and tech stocks alike.
Bloomberg noted that bank stock records were fueled by IPO optimism and geopolitical developments, though specific price or index figures were not disclosed. The Financial Times added that chipmaker-heavy indices in Asia rose ahead of the SpaceX listing, though exact percentages were omitted in the coverage.
If the Iran deal materializes, it could reduce geopolitical risk premiums across markets, potentially benefiting energy and defense sectors as well. The SpaceX IPO, described as blockbuster, is expected to draw significant investor demand and may further buoy tech listings.
Some analysts remain cautious, warning that diplomatic talks remain fragile and a deal is far from guaranteed. They also noted that IPO hype can sometimes inflate valuations beyond sustainable levels.