Asian stocks mostly higher after Wall Street hits record and oil rises
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Asian stocks mostly rose on Thursday following Wall Street's record high, with Tokyo's Nikkei 225 reaching an all-time high. Oil prices also increased amid ongoing tensions between the US and Iran.
Asian stocks mostly gained on Thursday as investors watched prospects of a ceasefire extension in the Iran conflict and US-Iran talks. Tokyo's Nikkei 225 closed 2.4% higher at an all-time high. China's economic growth for the January-March quarter was reported at 5%, accelerating from the previous quarter. Oil prices rose, with Brent crude up 1.6% to $96.44 per barrel. The US and Iran had an 'in-principle agreement' to extend a ceasefire deal, but the US is preparing to apply secondary sanctions on those doing business with Iran. Wall Street hit a record on Wednesday, with the S&P 500 rising 0.8% to 7,022.95.
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