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.

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

BT Market Focus

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