Asian stock markets advanced on Tuesday as declining crude oil prices improved investor sentiment amid hopes of diplomatic engagement between the United States and Iran. Japan’s Nikkei rose around 3%, while South Korea’s KOSPI gained more than 5%. MSCI’s Asia-Pacific index also moved higher.
Brent crude declined to around US$91.56 per barrel after US President Donald Trump indicated that further military strikes against Iran would be delayed. However, investors remain cautious as uncertainty over negotiations and developments in the Middle East could affect energy prices and global market sentiment.
Source: Reuters
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