Asia stocks hit record highs, Nikkei surges 5%+ on Iran peace deal hopes
The Quick Take
- Nikkei 225 rallied over 5% to a record high, leading Asia’s broad market surge on Iran peace hopes
- Asian stocks collectively hit record highs as geopolitical risk premium unwound across equity markets
- The US dollar wobbled against major currencies as peace deal optimism reduced safe-haven demand
- Forward outlook hinges on whether Iran nuclear/peace negotiations translate into a formal agreement
- Broad Asia rally signals global risk-on sentiment; implications for Indi
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