Asian stock markets rally as easing US-Iran tensions lift risk appetite

Asian equities rose as expectations grew that tensions between the United States and Iran may ease through diplomatic channels, prompting investors to increase risk-taking. Major indices in South Korea, including KOSPI and KOSDAQ, closed the day with gains exceeding 4%. US President Donald Trump’s recent remarks regarding Iran boosted hopes for a diplomatic resolution. Following last week’s equity sell-offs and uncertainty surrounding Nvidia, this prospect of progress contributed to renewed risk appetite in Asian financial markets. Westpac analyst Ryan Wells indicated that the first signs of diplomatic movement between the two countries supported market sentiment. After four consecutive sessions of declines, South Korean benchmarks KOSPI and KOSDAQ posted a strong rebound. Meanwhile, Hong Kong stocks also advanced at the open, according to Bitget data, and extended gains throughout the session.

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