South Korea stocks lead gains in Asia as oil prices plunge after U.S.-Iran ceasefire deal
Why it matters: The two-week U.S.-Iran ceasefire deal caused Bitcoin to vault past $72,000.
- Asia-Pacific markets opened higher following the U.S.-Iran ceasefire deal.
- Oil prices plunged after the U.S.-Iran ceasefire agreement.
- S&P and Nasdaq ended higher, staging a comeback on optimism for the U.S.-Iran deal (MarketWatch Bulletins).
- Bitcoin vaulted past $72,000 as U.S. stock futures surged on the two-week U.S.-Iran ceasefire (CoinDesk).
- Visa's India and South Asia head Sandeep Ghosh is set to quit (Economic Times Markets).
Asian markets surged, led by South Korea, after President Trump announced a two-week suspension of planned attacks on Iranian infrastructure, prompting a significant rebound in U.S. stock futures and a jump in Bitcoin. This ceasefire deal led to a plunge in oil prices and widespread optimism across global financial markets, with the S&P and Nasdaq closing higher.
