Asian Currencies Rise, Stocks Hit Record High on Iran Peace Deal Hopes

Asian currencies rise, stocks hit record high on Iran peace deal hopes

HONG KONG: Asian currencies gained, and stocks rallied to a record high on Thursday, buoyed by hopes that the Middle East war would end as Iran reviewed a US peace proposal, sending oil prices lower and fuelling risk plays.

Emerging Stocks Hit Record, Currencies Rise on Peace Deal Hopes

(Bloomberg) — Emerging-market stocks rallied to an all-time high and a currency index returned to pre-war levels as traders grew optimistic that the US and Iran are moving closer to a peace deal.