RTTNews reports that Asia-Pacific stock markets surged on Monday as investors reacted positively to the signing of a U.S.-Iran peace agreement that ends the regional crisis.
The agreement’s initial terms call for the cessation of the U.S. blockade on Iran and the reopening of the Strait of Hormuz. A pronounced decline in oil prices has alleviated inflation worries, further bolstering market optimism.
An official signing ceremony is slated for June 19 in Switzerland.
U.S. President Donald Trump announced the agreement on Truth Social on Sunday, stating, “The Deal with the Islamic Republic of Iran is now complete.”
Trump added, “Let the oil flow!” and emphasized that the “great deal” would ensure “peace and security for the entire region.”
In Australia, mining, energy and financial stocks posted strong gains. The S&P/ASX 200 rose 119.10 points, or 1.35%, to 8,923.10, while the broader All Ordinaries Index advanced 130 points, or 1.44%, to 9,136.50.
Bank equities also advanced, with Commonwealth Bank of Australia, Westpac Banking Corp., and ANZ Group Holdings climbing 1.2%–2%. National Australia Bank gained 2.7%, and Bendigo & Adelaide Bank rose 2.3%.
Regis Resources climbed 14.2%, Valut Minerals surged 15.3%, and Evolution Mining rose more than 9%.
BHP Group, Fortescue, Mineral Resources, Sandfire Resources, Greatland Resources, Perseus Mining, Genesis Minerals and Capricorn Metals each rose 3%–8%.
Other notable gainers included Sigma Healthcare up 7.2% and Northern Star Resources up 6.6%. Qantas Airways rose 5.3%, while Charter Hall Group, Recee and Seek also posted sharp gains.
Conversely, Woodside Energy, CSL, Transurban Group, QBE Insurance, Aristocrat Leisure, Coles Group, Santos, Suncorp Group, Origin Energy, Insurance Australia Group, Cochlear and New Hope Corporation were lower.
In Tokyo, markets rallied broadly, with the Nikkei 225 climbing to a record intraday high of 69,558.12. At the morning session’s close, the index stood at 69,528.40, up 3,508 points, or roughly 5.3%.
Murata Manufacturing and Ibiden rose nearly 17% and 16.5%, respectively. Taiyo Yuden jumped 15%, and Sumco Corp climbed 13.7%. SoftBank Group and IHI Corp. rallied 11.7% and 10.7%, respectively.
Among the laggards, CyberAgent and Kikkoman Corp. fell 3.2% and 3%, respectively. KDDI Corp., Nichirei Corp and Oriental Land slipped 1%–1.6%.
Taisei Corp., Kioxia Holdings, Kajima Corp., Shimizu Corp., Tokyo Electron, TDK, NSK, Ebara Corp., Mitsui Chemicals, Sumitomo Heavy Industries, Mitsubishi Materials and Yokohama Rubber each gained 7%–10%.
Isuzu Motors, Advantest Corp., Toto, Dainippon Screen Manufacturing, Chiba Bank, Resonac Holdings, Nissan Motor, Disco Corp., Mazda Motor, Toray Industries, Mitsubishi UFJ Financial, Panasonic, Mizuho Financial, Komatsu, DOWA Holdings each rose 4%–6.5%.
South Korea’s KOSPI climbed nearly 5.5%, with Samsung Electronics, SK Hynix and LG Energy up about 4.7%, 6.3% and 3.5%, respectively.
Hyundai Motor, Kia Corp., POSCO Holding and Samsung BioLogics were among several other sharp movers.
The Shanghai Composite Index rose 1.2% to 4,080.40, while Hong Kong’s Hang Seng advanced 0.7% to 24,891.00.
Indonesia’s benchmark IDX Composite jumped 3.2%; Singapore’s STI gained 1.3%, Malaysia’s KLCI rose 0.75%, and New Zealand’s NZX 50 edged up marginally.