Asian Stocks Hit Record High, Dollar Wobbles on US-Iran Peace Deal Hopes
MSCI Asia-Pacific shares outside Japan rose 2.3% to a record as Trump’s Iran comments eased oil prices and boosted risk appetite.
- On Thursday, Asian stocks soared to record highs as President Donald Trump touted "great progress" toward a "final agreement" with Iran, though the Strait of Hormuz blockade remains unresolved.
- Momentum was further fueled by robust AI-driven earnings reports, with Japan's Nikkei crossing 62,000 for the first time and South Korea's Kospi clearing the 7,000 mark.
- Samsung Electronics shares jumped 12 per cent, topping a $US1 trillion market value, while Advanced Micro Devices surged 16.5 per cent after forecasting strong second-quarter revenue on AI infrastructure demand.
- Crude oil prices fell 1.2 per cent as markets reacted to the potential deal, while US Defence Secretary Pete Hegseth confirmed a ceasefire remains in place despite recent US-Iran exchanges.
- Analysts warn the rally could reverse if talks stall; the Strait of Hormuz situation remains unresolved and could impact global energy prices if reopening negotiations fail in coming weeks.
13 Articles
13 Articles
US-Iran peace optimism fuels Asian stock market gains
US President Donald Trump said conflict in the Middle East would be “over quickly”, as Iran considered a peace proposal that could lead to the reopening of the vital Strait of Hormuz. “We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal,” Trump told reporters in the Oval Office on Wednesday, according to Reuters. The president has repeatedly played up the possibility of an agreement with Iran since the…
Financial markets are cheering after reports of a possible agreement between the US and Iran. However, two analysts raise their index finger, saying that "a lot has to fall into place." Nothing is certain yet.
Asia stock markets hit record highs on AI boom as yen surges and oil prices fall
Global markets rallied after Donald Trump signalled progress toward a potential agreement with Iran, easing fears around the Strait of Hormuz, a key route for global oil supplies. Oil prices declined as expectations of reduced conflict improved market sentiment. At the same time, investor enthusiasm around artificial intelligence continued to drive equity markets higher, especially […] The post Asia stock markets hit record highs on AI boom as y…
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