Business and finance news from the Asia-Pacific.

Bank of Japan Governor Kazuo Ueda's hospitalization is generating uncertainty among investors over the central bank's messaging at its policy meeting next week, even as they remain convinced officials will raise interest rates. Ueda is expected to miss the BOJ's meeting on June 15-16 and will refrain from casting a vote, but will express his views via a statement. Deputy Governor Ryozo Himino will serve as acting chair while another deputy, Shinichi Uchida, will host a post-meeting press conference. Ueda's absence is unlikely to shift expectations of a hike, but uncertainty is growing among market participants about how clearly Uchida will communicate at the press conference. The BOJ's cautious approach to rate hikes has been weighing on the yen due to the large interest rate differential between the US and Japan. We speak to Winnie Hsu, Bloomberg's Asia Equities Reporter

Plus - SpaceX has made history with the biggest-ever IPO, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first trillionaire. The company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. SpaceX's IPO is more than double the size of Saudi Aramco's $29.4 billion listing in 2019. Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Jay Ritter, Warrington College of Business, The IPO Initiative Director & Emeritus Professor.

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Business and finance news from the Asia-Pacific.

Stocks dropped as Middle East tensions flared up with new US attacks on Iran, weighing on markets already grappling with a selloff in richly valued tech stocks. Oil climbed. The latest US strikes have injected more volatility into global financial markets and threaten to further crimp oil supplies. We speak to Mark Cudmore, Global Leader of the Markets Live Team at Bloomberg News.

Plus - The American military launched strikes against "multiple" targets in Iran for the second straight day after President Donald Trump accused the country of dragging out talks on an interim peace deal. US Central Command said on X that it had begun "additional self-defense strikes" at 5:15 p.m. New York time on Wednesday. About four hours later, in another post, Centcom declared the operation complete and that military surveillance systems, air defense sites and communication systems were the targets. Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Lanhee Chen, Fellow in American Public Policy Studies at the Hoover Institution at Stanford University.

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Business and finance news from the Asia-Pacific.

Oil steadied after Israel and Iran agreed to end attacks against each other following an escalation of violence that threatened to derail efforts to end the war in the Middle East. We spoke to Stephen Stapczynski, Bloomberg's Asia Energy Team Leader.

Plus - Asian stocks rebounded from their biggest drop since March as tensions in the Middle East eased and a selloff in artificial intelligence shares abated. South Korean shares climbed 3% after investors returned to the AI trade, which sent Wall Street gauges shares of chipmakers including Nvidia Corp. and Intel Corp. higher. Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Marc Franklin, Head of Multi-Asset Solutions at Manulife Investment Management.

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