Global markets defy geopolitical tensions as equities rally toward all-time highs despite Iran conflict. Nearly two months into the war, stock markets from the US to Taiwan and South Korea are staging a defiant comeback, with investors refocusing on corporate fundamentals rather than geopolitical risks. Oil prices remain elevated following the energy supply shock, yet this hasn't triggered the broad economic shutdown many initially feared. Analysts identify five key factors supporting market resilience: peak uncertainty has been priced in with diplomatic hopes rising, dip-buying mentality encourages investors to view selloffs as opportunities, and oil supply cushions prevent acute shortages in most developed economies. The artificial intelligence trade is rebounding strongly while emerging-market stocks gain traction.
