Markets decline as US-Iran talks falter

Asian stocks declined on Friday as investors took profits after strong gains, amid stalled talks between the United States and Iran, which led to rising oil prices and a strengthening dollar. The Japanese Nikkei index fell by 0.6%, while the South Korean KOSPI dropped by 1.8%. Meanwhile, markets in China, Hong Kong, and Taiwan remained closed for holidays. This comes after the cancellation of scheduled talks between American and Iranian officials, with geopolitical tensions boosting oil prices once again and the dollar reaching its highest level in 13 months.

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