By John Towfighi, CNN (CNN) — The US stock market isn’t the only market that’s rebounded to record highs. Stock indexes in Taiwan, South Korea and Japan have clinched fresh records in recent trading sessions, bouncing back after tumbling in March. Asian countries are heavily reliant on oil imports from the Middle East that have largely stalled since the Iran war. But the hit to their economies hasn’t stopped their stock markets from surging in r…
The conflict in Iran did not shake up world stock markets. Expensive energy was overtaken by the boom in artificial intelligence and the sharp rise in corporate profits. Investors also bet that US President Donald Trump would strive for a quick end to the war.