Japan, South Korea Stocks Hit High as US‑Iran Talks
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- Japan's Nikkei 225 rose 1.38% to a record 60,537.36.
- South Korea's Kospi jumped 2.15% to a record 6,615.03.
- Iran offered a new proposal to the U.S. to reopen the Strait of Hormuz and end the war, deferring nuclear talks.
- Oil prices rose over 2%, with Brent at $107.49 per barrel and U.S. crude at $96.19.
- China's CSI 300 held steady at 4,770.95 as industrial profits surged 15.8% YoY in March.
Why it matters: Japanese and South Korean investors gain 1‑2% equity upside as the Nikkei and Kospi hit record highs, while oil importers lose as Brent climbs above $107, tightening energy costs and feeding inflation pressure.
