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Asian markets surge after US-Iran ceasefire deal

Economy & businessEconomy
Key Points
  • Asian stock markets rose sharply after a US-Iran ceasefire.
  • South Korea's Kospi gained 5.2% and Japan's Nikkei 225 rose 4.5%.
  • Oil prices fell, with US WTI crude dropping up to 19%.

Asian stock markets opened strongly on Wednesday following a ceasefire agreement between the United States and Iran. 2 percent in early trading. 0 percent.

After the announcement, oil prices fell sharply, with US WTI crude dropping by as much as 19 percent. North Sea oil also declined, according to CNBC.

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