# Asian stocks decline following Israel’s attack on Iran, triggering surge in oil prices

- Link: https://www.thailand-business-news.com/markets/225839-asian-stocks-decline-following-israels-attack-on-iran-triggering-surge-in-oil-prices
- Published: 2025-06-13T11:20:56+07:00
- Author: Angela Reyes

Asian stocks dropped and oil prices surged 13% on June 13, 2025, following Israel’s
military strike on Iran, escalating Middle East tensions.

The attack, targeting Iran’s nuclear facilities and military commanders, heightened
geopolitical risks, negatively impacting risk sentiment. Most Asian currencies weakened
against the dollar, except for the safe-haven Japanese yen. Brent crude futures 
rose to $75.36 per barrel, and WTI futures hit $74.20 per barrel.

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Summary of the key points from the Stock Exchange of Thailand (SET)

 * **Market Overview:** The SET index opened at **1,122.74 points**, down **2.98
   points** (-0.26%). Other indices like SET50 and SET100 also show slight declines.
 * **Trading Activity:** The total trading value from **12 June 2025** was **32,483.12
   million baht**. Foreign investors sold **more** than they bought, while individual
   investors had a **net buy** position.
 * **Market Alerts:** The **SET directed JKN** to clarify its financial position
   following criminal complaints from the **SEC** against JKN and its directors.
 * **Top Performers:** Leading stocks include **PTTEP (+8.10%)**, **TOP (+4.35%)**,
   and **TTB (+2.06%)**.

Investors flocked to safe-haven assets like gold, which climbed 1.5% to $3,434 per
ounce, and the Swiss franc. The MSCI All-Country World index faced pressure after
a recent rally, with analysts noting potential for further market declines if tensions
persist. Investors also turned their attention to government bonds, pushing yields
lower as demand surged while major equity markets showed mixed performances, reflecting
investor uncertainty.

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