SoftBank Group & Iran

SoftBank Group: SoftBank Group, a major Japanese investment holding company, saw its shares fall more than 5% in response to market conditions.

Iran: Iran's response to the United States' ceasefire proposal was rejected by Donald Trump, contributing to ongoing war uncertainties and the closure of the Strait of Hormuz, impacting global oil and gas transport.

SoftBank Group: SoftBank Group shares fell after Nubank, in which it is a majority owner, warned of supply issues for its new AI chip.

Iran: Iran exchanged fire with the United States in the Middle East, impacting oil prices and market sentiment. Iran downplayed the situation, hoping for a resolution.

SoftBank Group: SoftBank Group saw a significant surge in its stock price, benefiting from the broader tech rally fueled by AI optimism and hopes for a resolution to the Iran conflict.

Iran: Iran has proposed reopening the Strait of Hormuz in exchange for the United States lifting its blockade and ending the war, aiming to alleviate economic pressure while delaying nuclear program discussions.