economy
Asia markets rise as Trump says negotiations between Iran and the U.S. in 'final stage'
Asia-Pacific markets rise amid growing hopes that the Middle East conflict could soon end following Trump's comments and as oil prices cool.
TL;DR
- Asia-Pacific markets traded higher, tracking Wall Street gains.
- Investor optimism increased due to U.S. President Trump's statement about 'final stages' of negotiations with Iran.
- Oil prices cooled as hopes grew for an end to the Middle East conflict.
- Japan's Nikkei 225 rose 3.52% on strong export data, particularly in semiconductors.
- SoftBank Group surged nearly 20% amid positive AI momentum.
- South Korea's Kospi advanced 7.68%, with Samsung Electronics and SK Hynix seeing significant gains.
- Australia's S&P/ASX 200 advanced 1.69%.
- China's CSI 300 gained 0.56%, while Hong Kong's Hang Seng Index traded flat.
- India's Nifty 50 gained 0.42%, and the BSE Sensex was up 0.50%.
- West Texas Intermediate and Brent crude futures saw modest gains after previous day's pullbacks.
- U.S. stock futures slipped in pre-market trading after Wednesday's strong gains.