Market Bizzz

South Korean stocks surged on Friday, with the KOSPI jumping as much as 8.5%, driven by optimism that Middle East tensions could ease after U.S. President Donald Trump signaled a possible Iran deal this weekend. The rally helped the index end a volatile week up 3.2%, recovering from the previous week’s 3.7% decline triggered by a global selloff in AI and technology stocks.

Asian investors, largely excluded from SpaceX’s massive IPO, are creatively seeking exposure through supply chain companies, industry ETFs, and Nasdaq 100 tracking funds. Perpetual futures and derivatives also offer speculative avenues, reflecting intense interest in the space giant’s market debut.

UHM Vacation Listing: The company raised ₹36.02 crore through its IPO, comprising a fresh issue of ₹29.04 crore and an offer-for-sale worth ₹6.97 crore. The public issue was open for subscription from June 4 to June 8.

Susan Electricals IPO: The ₹70.38-crore IPO of Susan Electricals India opens for subscription on June 11 and closes on June 15. The issue comprises a fresh issue of 47.42 lakh shares worth ₹60.22 crore and an OFS of 8 lakh shares worth ₹10.16 crore.

Persistent Systems shares are rising, buoyed by optimism in the technology sector and advancements in artificial intelligence. The company remains confident in its long-term growth strategy. Nevertheless, analysts have recalibrated earnings forecasts downwards, anticipating a slowdown in revenue growth as clients increasingly incorporate AI technologies.