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Generic Top Stock Market Highlights of the week <\/p>\n Generic Top Stock Market Highlights of the week <\/p>\n
This week\u2019s developments span US dealmaking and regional macroeconomics.<\/p>\n
Two sizeable acquisitions reshaped the American media and restaurant landscapes, while a US-Iran ceasefire sent oil prices lower and reopened a critical shipping conduit.<\/p>\n
Closer to home, Bank Indonesia stepped up its defence of the rupiah with a second rate hike in just over a week, a move with implications for South-east Asian markets and currency stability across the region.<\/p>\n
Fox acquires Roku in US$22 billion deal <\/p>\n
Fox Corporation (NASDAQ: FOXA) has agreed to acquire connected-TV platform Roku (NASDAQ: ROKU) for US$160 per share in a cash-and-stock transaction valuing Roku at around US$22 billion in enterprise value.<\/p>\n
The deal combines Fox\u2019s sports, news and entertainment content and its Tubi streaming service with Roku\u2019s connected-TV platform, The Roku Channel, along with first-party data and direct relationships with more than 100 million global streaming households.<\/p>\n
CEO Lachlan Murdoch called the acquisition a defining moment, positioning the enlarged group as the third-largest player in US television by share of viewing. Fox will take on US$8 billion in new debt to fund the transaction.<\/p>\n
At closing, Fox shareholders are expected to own 73% of the combined company, with Roku holders retaining 27%. The deal is expected to close in the first half of 2027 and deliver around US$400 million in cost synergies.<\/p>\n
Yum Brands sells Pizza Hut for US$2.7 billion <\/p>\n
Yum Brands (NYSE: YUM) announced it is selling Pizza Hut for a total of US$2.7 billion, capping years of struggles at the pizza chain.<\/p>\n
Private equity firm LongRange Capital will acquire the bulk of the business for roughly US$1.5 billion. The deal excludes Pizza Hut\u2019s mainland China locations, which Yum China (NYSE: YUMC) will acquire in a separate transaction for around US$1.2 billion.<\/p>\n
The divestment follows sustained market-share losses to rival Domino\u2019s Pizza (NASDAQ: DPZ), which has steadily gobbled up ground from Pizza Hut over several years. Yum had signalled in November 2025 that it was exploring strategic options for the chain.<\/p>\n
For Yum, the sale allows management to streamline its portfolio and concentrate on its better-performing KFC and Taco Bell brands. For investors, the move marks a clean exit from a persistently underperforming asset.<\/p>\n
Oil dips as US-Iran ceasefire reopens the Strait of Hormuz <\/p>\n
Oil prices<\/a> eased as an interim US-Iran peace deal took effect and a flurry of tankers began transiting the Strait of Hormuz, paving the way to restart the flow of millions of barrels shut in by the conflict.<\/p>\n West Texas Intermediate slipped below US$74 before paring losses to settle above US$76, while global benchmark Brent rose slightly to settle near US$80 a barrel. The strait is a conduit through which roughly 20% of global energy transited before the war.<\/p>\n With refiners in Asia already comfortably supplied, a wave of cargoes could exert further downward pressure on prices, which have lost around 38% since hitting a four-month high in April.<\/p>\n Analysts caution, however, that a return to pre-war normality is not assured. Goldman Sachs expects Persian Gulf exports to normalise by end-July, though Hormuz flows may recover to only 70% of pre-war levels.<\/p>\n Bank Indonesia raises rates to defend the rupiah <\/p>\n Bank Indonesia (BI) extended its aggressive defence of the rupiah with a second rate hike<\/a> in just eight days, lifting its benchmark rate by 25 basis points to 5.75% on 18 June 2026.<\/p>\n The central bank also raised its deposit and lending facility rates by the same margin, to 4.75% and 6.5% respectively. Governor Perry Warjiyo described the move as a pre-emptive step to support currency stability and keep inflation within its target range.<\/p>\n OCBC Group Research expects a cumulative 100 basis points of hikes through to end-2026, which would take the policy rate to its highest since 2015. Inflation edged up to 3.08% in May, remaining within BI\u2019s 1.5% to 3.5% target band.<\/p>\n The rupiah remains down<\/a> 6.5% year-to-date, the weakest performer in emerging Asia, with MSCI and S&P sovereign reviews looming.<\/p>\n The headlines feel worse than the market itself.<\/p>\n So what are experienced investors actually doing right now? Our FREE report reveals how to position your portfolio amid volatility. Download it for free here<\/a>.<\/p>\n Follow us on Facebook<\/a>, Instagram<\/a> and Telegram<\/a> for the latest investing news and analyses!<\/p>\n The post Top Stock Market Highlights of the Week: Fox-Roku, Yum Brands, Oil Prices and Bank Indonesia<\/a> appeared first on The Smart Investor<\/a>.<\/p>\n