Asian stocks surge as peace talks ease Middle East tensions and oil prices fall. The MSCI Asia Pacific Index climbed 0.9% following Wall Street's strong performance, with the S&P 500 gaining 1.2% and the Nasdaq 100 extending its winning streak to ten consecutive days. Brent crude dropped to $94.50 per barrel as President Trump signaled optimism about resolving the conflict, with talks potentially resuming within days. Market sentiment has shifted dramatically as investors grow confident that easing Middle East tensions will help moderate oil prices and support economic growth. Taiwan and Singapore equities have erased war-related losses while the yuan gained for its eighth straight day. Gold held steady near $4,840 per ounce as the dollar weakened for the eighth consecutive session.
Post from MarketNews_en
Log in to interact with content.