Asian stocks rise on Iran war optimism
Asian stocks continued to rise after U.S. President Donald Trump’s statements indicating that an agreement with Iran is close, which boosted expectations of an end to the diplomatic conflict that caused sharp market volatility for over 100 days. The MSCI Asia and Pacific ex-Japan index increased by 3.1%, while South Korea’s KOSPI rose by 7.7%. Japan, China, and Hong Kong indices also saw notable gains, with the increases primarily driven by the technology sector amid optimism about a reduction in regional tensions.
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