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    PhilWeb Elects Conglomerate Leader Lance Y. Gokongwei as Chairman to Accelerate AI Infrastructure and Transnational Ecosystem Expansion

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Asian markets await US-Iran talks, Fed decision

Xenia. W by Xenia. W
17 June 2026
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Asian investors were treading water at the start of trading on Wednesday after a breathtaking start to the week fuelled by the US-Iran deal, with attention now on peace talks and the planned reopening of the crucial Strait of Hormuz.

Oil prices edged up in early exchanges, a day after plunging more than five percent on optimism for a lasting agreement between the two countries after more than three months of conflict that rattled energy markets and revived inflation.

In Hong Kong, the Hang Seng Index gained a slender 1.9 points, or 0.01 percent, to open at 24,495.

Japan’s Nikkei share average rose as investors weighed prospects for an end to the Middle East conflict and awaited the US Federal Reserve’s policy decision.

The Nikkei recouped early losses to climb 0.6 percent to 69,823, while the broader Topix rose 0.8 percent to 4,024.

South Korean shares fell, tracking overnight losses in US technology stocks, while heavyweight chipmaker SK Hynix rose to a record high.

The benchmark Kospi was down 30 points, or 0.35 percent, at 8,696 after falling more than one percent earlier in the session. (Agencies)

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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