Equity markets across Asia commenced trading on a positive note, with South Korean shares surging. This uptick followed an announcement from US President Donald Trump indicating that a peaceful accord had been reached between the United States and Iran, bolstering market optimism that a conflict in the Middle East could be nearing its conclusion. The KOSPI index in South Korea experienced a sharp rise, at one point climbing by 5.2%. Meanwhile, Japan's Nikkei 225 index advanced by as much as 3%, and the broader Topix index gained over 2%.
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