Japan stocks rise with optimism over Iran deal: markets wrap
Japanese equities rallied, helping lift Asian shares to a record high, as optimism grew over a potential US-Iran deal. The 225-issue Nikkei stock average climbed 3.4%, with the broader MSCI Asia Pacific Index advancing 0.6%.
Japanese equities rose on their return from a break, helping lift Asian shares to a record high. The 225-issue Nikkei stock average climbed 3.4%. Gauges in Australia and South Korea also rose on speculation that easing Middle East tensions would lower oil prices and boost economic growth. The broader MSCI Asia Pacific Index advanced 0.6%. Brent crude slid almost 8% to just above $101 a barrel, sparking a rally in US and global bonds. Falling energy commodities eased inflation concerns and reduced bets on Federal Reserve interest-rate hikes.
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