Image: ActionForexStock Markets Surge on US-Iran Peace Progress and Soft Japan CPI - ActionForex
• Global equity markets experienced a relief rally, with Asian and US indices surging due to optimism surrounding a potential peace agreement between the US and Iran. • Key gains were seen in the Nikkei 225 (+1.8%), Hang Seng Index (+0.5%), KOSPI (+0.5%), ASX 200 (+0.4%), and STI (+0.2%). • The positive market sentiment was further supported by soft Japan CPI data and a retreat in crude oil prices, increasing overall risk appetite.
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