US EditionAsian Stocks Mostly Higher After Wall Street Hits Record and Oil Steadies
Tokyo’s Nikkei 225 jumped 2.4% as investors bet a ceasefire extension could ease oil prices and support global growth.
- Asian stocks rose Thursday as Tokyo's Nikkei 225 index jumped 2.4% on optimism over a potential ceasefire in the Middle East and renewed U.S.-Iran talks.
- The Strait of Hormuz remains largely closed, disrupting a crucial waterway where roughly a fifth of global oil passes, after the U.S. imposed a sea blockade on Iranian ports this week to force Tehran to reopen the route.
- China reported 5% economic growth for the January-March quarter, while benchmark U.S. crude rose 0.4% to $91.66 a barrel and gold climbed 0.5% to $4,846.40 an ounce on Thursday.
- Shares of San Francisco-based shoe brand Allbirds ballooned 582% to nearly $17 after announcing an artificial intelligence pivot, while Morgan Stanley gained 4.5% and Bank of America rose 1.8% on quarterly results.
- The Nasdaq composite gained 1.6% while CEO Brian Moynihan noted signs of a "resilient American economy" amid solid consumer spending, though the Dow Jones Industrial Average edged down 0.2% to 48,463.72.
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Ottumwa Courier
Asian stocks mostly higher after Wall Street hits record and oil rises
Asian stocks are mostly higher and oil prices have steadied as investors watch closely prospects of a ceasefire extension in the Iran war and more talks between the U.S. and Iran. Tokyo's Nikkei 225 closed at an all-time high and…
Daily Journal
Tokyo record leads Asia stocks higher as Iran peace hopes grow
Japanese stocks hit a record high as Asian equities extended the week's rally Thursday on heightened optimism the United States and Iran will extend their ceasefire for further talks to end their war and reopen the Strait of Hormuz.
Global Markets: Asian stocks rise, US hits record on Iran talks
The MSCI Asia Pacific Index opened 0.4% higher on Thursday as traders bet a de-escalation of the Middle East conflict will ease oil prices and lift economic growth. That was after the S&P 500 and Nasdaq 100 indexes both closed at record highs, with Bank of America Corp. and Morgan Stanley leading financials higher after stronger-than-expected revenue.
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