Business & Finance
Asian Stocks to Rise as US-Iran Deal Lifts Mood: Markets Wrap
Key Points
Asian Stocks to Rise as US-Iran Deal Lifts Mood: Markets Wrap Stocks in Asia were poised to rise Friday after a peace deal between the US and Iran boosted optimism that the reopening of the Strait of Hormuz will ease inflation pressures by restoring oil flows. Equity-index futures for Japan and South Korea pointed to gains at the open, while contracts for Australia edged lower.
Asian Stocks to Rise as US-Iran Deal Lifts Mood: Markets Wrap
Stocks in Asia were poised to rise Friday after a peace deal between the US and Iran boosted optimism that the reopening of the Strait of Hormuz will ease inflation pressures by restoring oil flows.
Equity-index futures for Japan and South Korea pointed to gains at the open, while contracts for Australia edged lower. US stock futures edged higher after the S&P 500 climbed 1.1% and the Nasdaq 100 gained 2.5% on Thursday. A gauge of semiconductor stocks rose to a record, led by Intel Corp., after President Donald Trump said the company would work with Apple Inc. to design and manufacture semiconductors in the US.