Korea's Kospi, Japan's Nikkei lead Asia-Pacific market gains as Trump hints at Iran-war de-escalation
Asian markets saw gains as optimism grew around the US's push to resolve the Middle East conflict, with Korea's Kospi and Japan's Nikkei leading the way. Oil prices dropped below $100 a barrel, while equities advanced and the dollar edged lower.
Asian markets rose as the US worked to resolve the Middle East conflict. Oil prices fell below $100 a barrel. The Kospi and Nikkei led market gains in Asia. The US sent a 15-point plan to Iran and is seeking a one-month ceasefire. The dollar and yields on 10-year Treasuries dropped. Gold and Bitcoin rose. The US plans to deploy 3,000 troops to the Middle East despite possible de-escalation. Iran started charging transit fees on some vessels passing the Strait of Hormuz.
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