Asia Morning Call: Global Markets Overview

Asia Morning Call: Global Markets Overview

Asian stocks surged on hopes of an end to the Iran war. Japan's Nikkei crossed 65,000 for the first time, while Australian shares hit a two-week high. The U.S. dollar and oil prices declined.

Equities

Japan's Nikkei jumped 2.87% to close at 65,158.19. Australia's S&P/ASX 200 rose 0.4% to 8,692. China's Shanghai Composite gained 1%. Europe's STOXX 600 closed at its highest in over two months.

Foreign Exchange

The U.S. dollar weakened on Iran peace hopes. China's yuan hit a three-year high of 6.7803 per dollar. Australian dollar climbed 0.5% to $0.7165.

Treasuries

Germany's 10-year bond yield fell to 2.9302%, its lowest in a month. Japan's 10-year JGB yield slid 5 bps to 2.710%.

Commodities

Gold rose 1.2% to $4,561.51 an ounce. Oil prices fell nearly 6% to two-week lows on Iran peace hopes, with Brent at $97.42 and WTI at $90.88. Copper gained 0.90% to $13,635 a ton.