Asian Tech Stocks Surge on Iran-U.S. Peace Deal; SoftBank Up 12% Monday

Asian tech stocks surged on Monday as investors reacted to news that Iran and the U.S. have reached a peace deal to end the Middle East conflict. Japanese tech investor SoftBank led gains with a rise of over 12%, while Tokyo Electron and Advantest added 9.19% and 7.69% respectively. South Korean memory chip makers Samsung Electronics and SK Hynix gained 4.65% and 6.42%, with Taiwan's TSMC rising 2.16%.

According to Pakistan's Prime Minister Shehbaz Sharif, both countries have agreed to immediate and permanent termination of military operations on all fronts. The official signing ceremony will be held on Friday, June 19, in Switzerland.