Asian markets traded in green in early deals on Thursday, on account of risk appetite in market with the optimism over a US-Iran peace deal. The US and Iran are reportedly nearing a 14-point agreement to resolve their conflict, potentially reopening the Strait of Hormuz and reviving nuclear talks. Easing inflation fears with the sharp decline in oil prices buoyed investors’ sentiments. Sharp rally in technological sector stocks amidst optimism around artificial intelligence also kindled the indices. Japan’s Nikkei soared the most among the Asian indices with the positive global cues.
Nikkei surged by 3,441.88 points or 5.78% to 62,955.00, Straits Times up by 11.21 points 0.23% to 4,938.59, Hang Seng soared by 421.22 points 1.58% to 26,635.00, Taiwan weighted rose by 781.10 points or 1.90% to 41,919.95, Jakarta Composite widened by 25.64 points or 0.36% to 7,118.11, KOSPI Index added by 13.43 points or 0.18% to 7,397.99, Shanghai Composite increased by 10.58 points or 0.25% to 4,170.75, and FTSE Bursa Malaysia KLCI index enlarged by 4.16 points or 0.24% to 1,761.03.
About The Author
