Asian stocks rise on peace hopes and lower oil
US President Donald Trump's statements about the potential for a peace agreement with Iran led to a strong rally in Asian stocks, accompanied by a sharp decline in oil prices. Markets also benefited from investor optimism about the possibility of signing the agreement over the weekend, which pushed indices like the Cospi and Nikkei 225 to record significant gains. Meanwhile, the semiconductor sector recovered after its recent decline. Global stock markets are now awaiting further developments as tensions in the Middle East continue.
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