Asia markets hit record highs amid Iran peace hopes
Asia markets hit record highs as US President Donald Trump announced 'great progress' towards a deal with Iran, causing Brent crude to drop 1.2% to $108.51 per barrel. MSCI's Asia-Pacific shares index jumped 2.3% to a fresh record, led by a 5.1% surge in South Korea's Kospi.
US President Donald Trump announced 'great progress' towards a deal with Iran, causing Asian markets to surge. Brent crude dropped 1.2% to $108.51 per barrel. MSCI's Asia-Pacific shares index jumped 2.3% to a record high, led by South Korea's Kospi, which rose 5.1%. Samsung Electronics jumped 12%, topping a $1 trillion market value. Advanced Micro Devices forecast second-quarter revenue above Wall Street expectations, causing its shares to jump 16.5%. The Australian dollar rose 0.6% to $0.7227, its highest since June 2022. The US dollar index nudged down 0.1% to 98.236.
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