Japanese and Korean stocks surge
Stock markets in Japan and South Korea surged significantly, with the Nikkei 225 rising by 2.5% to reach 65,765 points, and the Korean KOSPI increasing by 4.8% to 6,828 points, as investors awaited corporate earnings reports and monitored geopolitical tensions in the Middle East. Meanwhile, markets in China, Hong Kong, and Australia experienced limited declines. Regional tensions and rising oil prices contributed to declines in some markets, amid ongoing discussions about mediation efforts between the United States and Iran. Additionally, the Houthi movement imposed a naval blockade on Saudi Arabia, threatening global energy supplies and trade.
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