Asian Shares Rise as U.S.-Iran Ceasefire Talks Lift Oil Optimism
Tokyo led regional gains as Brent crude fell 0.8% on hopes the ceasefire extension will ease supply risks, analysts said.
- Asian shares mostly rose on Friday on expectations of a 60-day U.S.-Iran ceasefire extension, with Tokyo's Nikkei jumping 1.8%, while South Korea's Kospi and Taiwan's Taiex both gained 2.3%.
- On Thursday, U.S. and Iranian negotiators reached a tentative ceasefire agreement extending their conflict pause and planning new nuclear talks, though the deal awaits final approval from President Donald Trump.
- Oil prices slipped Friday as investors reacted to de-escalation prospects; Brent fell 0.8% to $91.97 per barrel, while Benchmark U.S. crude lost 1.2% to $87.85 per barrel.
- The tentative accord ensures Iran cannot impose tolls on ships transiting the Strait of Hormuz while the U.S. gradually lifts its blockade on Iranian ports, a U.S. official stated.
- ING commodities strategists Warren Patterson and Ewa Manthey warned Friday that supply recovery remains uncertain, as shipowners may hesitate entering the Persian Gulf until the ceasefire proves durable.
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PSX cheers US-Iran ceasefire hopes
The Pakistan Stock Exchange (PSX) on Friday witnessed a positive session as the KSE-100 index rose nearly 2,240 points, driven by renewed investor optimism over progress in US-Iran negotiations and easing global oil prices. Broad-based buying was visible throughout the day, with the market building on the shortened trading week's strong performance. The benchmark index gained 3.5% week-on-week, closing near the psychological 175,000 level. Inves…
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Asian Markets Rally as Hopes Grow for Extended U.S.-Iran Ceasefire
Asian stock markets traded mostly higher on Friday as investors reacted positively to expectations that the United States and Iran could extend their fragile ceasefire agreement by another 60 days, easing fears of a wider regional conflict and helping improve global market sentiment.
The prospect of relaxation in the conflict between the US and Iran makes investors in Asia optimistic. Nikkei and Topix write higher.
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