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Japan stocks rise with optimism over Iran deal: markets wrap

The Japan Times·Anand Krishnamoorthy·26 days ago
#M6bUOrnS
#yen#japaneseeconomy#middleeast#iran#nikkei#helping
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Japanese equities rallied after returning from a break, helping lift Asian shares to another record as optimism grew over a potential U.S.-Iran deal to end the conflict. | BLOOMBERG Japanese equities rallied on their return from a break, helping lift Asian shares to yet another record, as optimism grew that the U.S. and Iran were nearing a deal to end the conflict that had rattled markets and clouded the economic outlook. The 225-issue Nikkei stock average climbed 3.4%, with gauges in Australia and South Korea also rising on speculation easing of tensions in the Middle East will lower oil prices and help lift economic growth. The broader MSCI Asia Pacific Index advanced 0.6%. Gains in Asia followed the S&P 500 and the Nasdaq 100 indexes both closing at a record high on Wednesday, reflecting healthy risk appetite. Helping the sentiment was Brent crude sliding almost 8% on Wednesday to just above $101 a barrel, sparking a rally in U.S. and global bonds. The commodity opened higher on Thursday.…

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