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 $13,635 a ton.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
STOXX 600
The Stoxx 600 rose 1% to 631.63 on Iran peace deal hopes, nearing its February record high.
Nasdaq futures rose 1.4%, but trading volume was low due to holidays.
Japan 225 Index
The Nikkei 225 surged 2.87% to surpass 65,000 for the first time on optimism over ending the Iran war.
SSE Composite Index
The Shanghai Composite rose 1%, driven by coal and semiconductor sectors, not directly related to the Iran deal.
S&P/ASX 200 Index
The S&P/ASX 200 rose 0.4% to a two-week high, led by commodity stocks on hopes of progress in Iran peace talks.
U.S. DOLLAR / CHINESE YUAN
The yuan rose to a three-year high against the dollar on hopes of ending the Iran war and reopening the Strait of Hormuz.
AUD/USD
The Aussie rose 0.5% on Iran deal hopes but failed to break resistance at 0.7184.
GOLD (US$/OZ)
Gold rose 1.2% as lower dollar and oil prices eased inflation fears.
Iron ore futures edged up due to increased shipments from Australia and Brazil, not directly linked to the Iran deal.
Copper prices rose 0.90% as lower dollar and oil eased inflation and slowdown fears.
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