The easing of Middle East tensions drives a rebound in the US stock market, with the Semiconductor Index surging over 5% and Intel spiking 11%.

On June 9, U.S. President Donald Trump tweeted that Israel and Iran are working toward an immediate ceasefire, with final peace negotiations underway. In response, Iran announced it would halt military operations against Israel, though it warned it would respond with full force if Lebanon is attacked again. Israel stated it will pause its strikes on Iran per Trump’s request, but cautioned that if Iran resumes attacks on Israel, Israel will retaliate forcefully. As the Israel-Iran military conflict de-escalated, data from Bitget shows U.S. stocks closed on Monday with mixed results: the S&P 500 gained 0.29%, the Nasdaq rose 0.86%, and the Dow Jones Industrial Average dipped 0.16%. Chip stocks, which had seen a sharp decline last Friday, bounced back on bargain-hunting activity. The Philadelphia Semiconductor Index surged 5.6% in a single day; Intel climbed 11%, Micron Technology rose nearly 10%, Marvell Technology added 9.6%, and Cerebras—dubbed an “NVIDIA Challenger”—jumped more than 18%. Today, Japanese and South Korean stock markets opened higher. South Korea’s KOSPI index opened 4.21% up at 7799.52 points, with SK Hynix surging over 7%. Japan’s Nikkei 225 index opened 0.97% higher at 64643.96 points.