Asia-Pacific Markets Rise on U.S.-Iran Diplomacy Hopes
نظرة سريعة
- Asia-Pacific markets opened higher Friday, with Japan's Nikkei 225 up 1.36% and South Korea's Kospi up 0.52%.
- Investors are assessing U.S.-Iran diplomatic efforts, while falling oil prices reflect hopes for a deal.
- Japan's core inflation eased to 1.4% in April.
ملخص مُنشأ بالذكاء الاصطناعي
Asia-Pacific markets opened higher Friday as investors assess U.S.-Iran diplomatic efforts at reaching a peace deal in the Middle East.
While oil prices fell in U.S. trading on hopes of a deal, reports that Tehran intends to keep its enriched uranium stockpile within the country stand to complicate negotiations with Washington as President Donald Trump has made dismantling Iran's nuclear program a central objective of his military action against Tehran.
Japan's Nikkei 225 rose 1.36%, while the Topix added 0.55%. Japan's core inflation eased more than expected in April to its lowest level since March 2022, weakening the case for an early rate hike by the Bank of Japan.
Core inflation — which strips out prices of fresh food — came in at 1.4%, lower than the 1.7% expected by economists polled by Reuters and below the 1.8% reading in March.
South Korea's Kospi was up 0.52%, while the Kosdaq Index jumped over 3%. Australia's S&P/ASX 200 was up 0.5%.
