Asian shares shrug off Wall St blues following signing of US-Iran deal on ending the war
Summary
Asian stock markets rose sharply after the U.S. and Iran signed an initial deal to end their conflict, starting talks on Iran’s nuclear program and easing sanctions on Iranian oil sales. While Wall Street had fallen due to concerns about potential U.S. interest rate hikes, Asian markets, especially in Japan and South Korea, reached new highs with optimism about the peace deal and technology sector growth.Key Facts
- The U.S. and Iran signed an agreement to permanently end hostilities, starting a 60-day negotiation period on Iran’s nuclear future.
- The deal requires Iran to dilute its highly enriched uranium stockpile.
- U.S.-backed sanctions were lifted immediately, allowing Iran to freely sell its oil.
- Japan’s Nikkei 225 index rose 1.9%, climbing above 70,000 points.
- South Korea’s Kospi index gained 1.6%, supported by rising shares of chipmakers Samsung Electronics and SK Hynix.
- Taiwan’s Taiex index increased by 1.2%.
- Hong Kong’s Hang Seng and China’s Shanghai Composite indexes showed small losses.
- U.S. markets fell the previous day due to worries that the Federal Reserve might raise interest rates in 2026 to control inflation.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.