Asia stocks plunge on renewed US-Iran tensions; Oil slips, SpaceX IPO prices

Market news for June 4, 2026: Renewed US-Iran fighting plunged Asian stocks, though a Lebanon-Israel ceasefire eased oil prices. Inflation fears intensified, raising Bank of Japan rate hike chances. Separately, Bitcoin dropped while SpaceX set its landmark IPO price at $135 a share.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written by: Howie Lim (howielim@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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