Easing US-Iran Conflict Prompts Asia-Pacific Market Recovery, South Korea’s Kospi Hits Largest Weekly Gain in 5 Years.
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The easing of the US-Iran conflict has led to a recovery in Asia-Pacific markets, with South Korea's KOSPI achieving its largest weekly gain in five years, rising 8.96%. The Nikkei 225 also saw a significant increase of 7.15%. The rally was sparked by a ceasefire announcement between the US and Iran, improving risk appetite and reducing market panic over energy supply disruptions. Analysts caution that the sustainability of this rally depends on the ceasefire's implementation and ongoing negotiations, with a return to fundamentals expected in the market.
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