Iran Situation | US-Iran Ceasefire, Hong Kong stocks rise 684 points, airline stocks soar, Cathay Pacific up 3%
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The US and Iran agreed to a two-week ceasefire, easing investor tensions, which led to oil prices falling below $100, and the Asia-Pacific stock markets generally rose. The Hong Kong stock market rose 684 points to 25,801 points, with airline stocks performing strongly, as Cathay Pacific rose 3.2%. US stock futures rose across the board, while South Korean and Japanese stocks increased by 5.2% and 4.8%, respectively. Oil stocks fell against the trend, with CNOOC down 3.3%
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