MarketsIn Japan, Kioxia eclipses Toyota's market cap to become most valuable listingThe KOSPI's rally comes at the end of a seesaw week for the bourse. (Photo by Suzu Takahashi)KIM JAEWON and JADA NAGUMOJune 12, 2026 12:47 JSTUpdated on June 12, 2026 17:09 JSTSEOUL/TOKYO -- South Korean shares closed up 4.6% on Friday, riding the tail of an overnight stock rally in the U.S. as market participants bet on expectations for a Middle East settlement.Read NextTrading AsiaSouth Korean stock volatility increases concerns about leveraged investingEquitiesSoftBank dethrones Toyota as Japan's most valuable companyMarketsSK Hynix joins trillion-dollar club as AI fires up East Asian stocksMarketsStrong dollar rally weighs heavier on struggling Asian countriesIran warTrump cancels strikes against Iran planned for Thursday eveningFuture of Asia 2026Asia faces risks of economic spillover from Iran and AI disinformationLatest on MarketsMarketsIndian investors lose faith in growth story as market returns stallMarketsChina's AI companies dig in as SpaceX, US rivals ready IPO bonanzaMarketsStrong dollar rally weighs heavier on struggling Asian countries