US-Iran Deal Triggers Rally in Asian Stocks | The China Show 6/15/2026

Summary

Bloomberg's The China Show discusses the interim US-Iran deal to reopen the Strait of Hormuz, triggering a broad risk-on rally across Asian equities and a sharp drop in oil prices. Guests analyze the implications for energy markets, central bank policy, and sector rotations, offering specific trade ideas in US Treasuries, Chinese computing power, Indonesian bonds, US tech, and Korean assets.

• US and Iran announce an interim deal to reopen the Strait of Hormuz, with a signing expected on Friday and 60-day negotiations to follow.
• Oil prices drop sharply, with Brent nearing $80, while Asian equities rally 3%+ led by Japan, Korea, and emerging markets.
• A packed central bank week includes the Fed, BOJ, Bank Indonesia, and BSP; markets reprice rate hike expectations after the deal.
• SWS Research sees an end to war-risk premium and recommends buying US Treasuries at 4.5% yields.
• The same analyst highlights a Chinese domestic computing-power trend driven by DeepSeek and Huawei as a second-half opportunity.
• L&G is adding back to Indonesian bonds and expects a relief rally in bonds and the rupiah, while staying bullish on US tech on dips.
• Natixis expects Korea and Japan to be the biggest winners from the peace deal and sees a strong rebound in the Korean won.