Asian stocks rally on US-Iran peace hopes; Nikkei 225 hits record
The post Asian stocks rally on US-Iran peace hopes; Nikkei 225 hits record appeared on BitcoinEthereumNews.com. Most Asian stocks rally broadly at the start of a new week as developments over the weekend fuel hopes for a potential deal to end a nearly three-month-long Iran war and boost investors’ appetite for riskier assets. Japan’s Nikkei 225 ?roars past the 65,000 level, hitting a fresh record high, while South Korea, Hong Kong, and Indian equities see sustained upward momentum. Axios reported late Saturday, citing a US official, that the US and Iran are close to signing an agreement that involves a 60-day ceasefire extension during which the Strait of Hormuz would be reopened. Adding to this, US President Donald Trump said that the framework for a peace deal with Iran was largely negotiated. The optimism leads to a steep decline in Crude Oil prices and eases inflationary concerns, triggering a fall in bond yields and driving stock prices higher. However, the US and Iran remained at